First Republic Bank Is Seized and Sold to JPMorgan
Wall Street Journal
The deal will see JPMorgan take on all of First Republic’s $103.9 billion in deposits and buy most of its $229.1 billion in assets. First Republic shares sank to less than $2 premarket.
https://www.wsj.com/articles/first-republic-bank-is-seized-and-sold-to-jpmorgan-ad8a6d62