JPMorgan Chase to buy distressed First Republic Bank in deal brokered by U.S. regulator

First Republic Stock

Regulators seized troubled First Republic Bank early Monday and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S. San Francisco-based First Republic is the third midsize bank to fail in two months.

CBC | World News

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