JPMorgan Chase
First Republic Bank is no more. Its 84 branches reopened Monday as part of JPMorgan, after it was seized by regulators and sold to America’s largest bank, marking the second-biggest bank failure in U.S. history. Contagion fears weighed on regional bank stocks such as PacWest Bancorp, which on Thursday said it was in talks with investors after a report of a potential sale. JPMorgan shares rose 1.6% Monday.
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