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May 1, 2023, 9:09 am227 pts
Slashdot
JPMorgan said on Monday it will buy most of First Republic Bank's assets after regulators seized the troubled lender at the weekend, marking the third failure of a major U.S. bank in two months. From a report: Under the deal, which came after an auction, JPMorgan will pay $10.6 billion to the U.S. Federal…
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