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JPMorgan will acquire First Republic
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FDIC entered into a loss sharing agreement with JPMorgan to enable the acquisition
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FDIC will take $13 billion in losses to its insurance fund
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There should be no concerns of a bank run as deposits exceeding $250,000 will be covered even though they exceed the FDIC insurance cap
Submitted May 01, 2023 at 04:04AM by skomes99 https://ift.tt/5UwebiY
