JPMORGAN LANDS AS WINNER IN US REGULATOR AUCTION OF FIRST REPUBLIC
Updated: May 2, 2023
Jamie Dimon's JPMorgan Chase & Co (JPM.N) emerged as the winner of a weekend auction of First Republic Bank (FRC.N), in a deal that is meant to draw a line under a recent banking crisis but comes at the cost of making the largest U.S. bank even bigger.
Comments