The FDIC and California regulators say JPMorgan Chase plans to acquire most of First Republic; the bank, which is slightly bigger than SVB, had $100B+ outflows (Financial Times)

Financial Times:
The FDIC and California regulators say JPMorgan Chase plans to acquire most of First Republic; the bank, which is slightly bigger than SVB, had $100B+ outflows  —  Depositors protected but shareholders wiped out in country's second-largest bank failure  —  JPMorgan Chase is to acquire …

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