The Latest Breaking News from JPMorgan

The 1994 regulatory loophole that led to Jamie Dimon's First Republic coup

A decades-old law sought to limit lenders' power—with one big exception.

Fortune · May 2, 2023

First Republic Bank seized, sold in fire sale to JPMorgan

In the second-largest bank failure in U.S. history, officials seize First Republic Bank, selling its deposits and most of its assets. It’s the third midsize bank to fail in two months.

Chicago Sun-Times · May 2, 2023

First Republic Bank Fails As Former Treasury Secretary Larry Summers Warns The Consequences To Come

The failed bank was taken over by the FDIC and taken over by JPMorgan Chase A Month After Received A $30 billion deposit

Zenger · May 1, 2023

First Republic Bank collapses, seized

"Ultimately taxpayers will be on the hook," Sen. Elizabeth Warren warned

Salon · May 1, 2023

Regulators Seize First Republic Bank and Sell It to JPMorgan Chase

Plus: Twitter complies with a greater portion of government censorship requests, a judge allows an antitrust suit against Google to go forward, and more...

Reason · May 1, 2023

Microsoft chief scientific officer Eric Horvitz says few aspects of humanity will be replaced by A.I.

“I put a lot of my time and attention into this, because I think it really threatens to erode democracies,” says Horovitz.

Fortune · May 1, 2023

Stock Index Futures Muted as Investors Await Fed Meeting, JPMorgan Takes Over First Republic

June S&P 500 futures (ESM23) are up +0.04%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.05% this morning as market participants digested JPMorgan’s takeover of First Republic’s assets while looking ahead to the Federal Reserve’s upcoming interest rate decision as well as Friday’s nonfarm payrolls report.

Barchart · May 1, 2023

JPMorgan Chase to acquire First Republic Bank

The bank's been on shaky ground since the failure of Silicon Valley Bank.

Axios · May 1, 2023

First Republic Bank seized by US regulators and sold to JP Morgan Chase

Drastic intervention to contain third US bank failure in two months

The Independent UK · May 1, 2023

US authorities 'auction' First Republic Bank to JPMorgan after second biggest bank failure in history

US regional bank First Republic had a little more than $301 billion worth of assets and around 7,000 employees.

ABC News · May 1, 2023