The Latest Breaking News from JPMorgan Chase

Berkshire Hathaway has owned bank stocks for several decades and bailed them out in the past.

New York (AFP) - Wall Street stocks were mixed on Monday as markets digested the takeover of the embattled First Republic Bank, while Tokyo stocks closed higher ahead of the Federal Reserve's key policy decision this week.

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New York (AFP) - US financial authorities seized California's troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system. 

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.10%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.20%. U.S. stock index futures this morning are modestly lower. The markets are awaiting quarterly earnings results this week from Apple, Advanced Micro Devices, and Ford...

The Dow Jones rose Monday morning, as JPMorgan Chase bought failed First Republic Bank. FRC stock crashed 45%.

San Francisco-based First Republic Bank was seized by the FDIC and substantially all its business was sold to JPMorgan early Monday.

Recent bank failures may have you worried about your money

San Francisco (AFP) - US financial authorities seized California's troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system.