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Wednesday 6 December 2023 Dublin: 4°C

# First Republic

This year
JPMorgan buys US bank First Republic after regulators seize control
The US financial regulator has sold all of its deposits to JPMorgan Chase Bank in a bid to head off further banking turmoil in the US.
US banks shore up First Republic in attempt to avoid another bank failure
The move marks a dramatic initiative by the lenders to bolster the system following failures of three midsized lenders in the last week.