JPMorgan snaps up First Republic’s assets

REUTERS – JPMorgan Chase & Co (JPM.N) said on Monday it will buy most of First Republic Bank’s (FRC.N) assets after regulators seized the troubled lender at the weekend, marking the third failure of a major US bank in two months.
Under the deal, which came after an auction, JPMorgan will pay $10.6 billion to the US Federal Deposit Insurance Corp (FDIC) for most of the assets of the San Francisco-based bank, whose failure is the largest since Washington Mutual in 2008.

Search
Date archive
<
2025 May
>
Su
Mo
Tu
We
Th
Fr
Sa
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
1 2 3 4 5 6 7
today
خرداد
<
2025 May
>
Su
Mo
Tu
We
Th
Fr
Sa
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
1 2 3 4 5 6 7
today
خرداد
<
2025 May
>
Su
Mo
Tu
We
Th
Fr
Sa
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
1 2 3 4 5 6 7
today
خرداد