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JPMorgan Chase to buy most First Republic assets after bank fails
Consumer Watch

JPMorgan Chase to buy most First Republic assets after bank fails

  • Etienne Laurent/EPA-EFE/Shutterstock
  • Updated May 9, 2023

JPMorgan Chase is buying most assets of First Republic Bank after the bank's failure. Pictured is a First Republic Bank ATM in Los Angeles, on…

JPMorgan Chase to buy most First Republic assets after bank fails
Consumer Watch

JPMorgan Chase to buy most First Republic assets after bank fails

  • By Chris Isidore and Olesya Dmitracova, CNN
  • Updated May 9, 2023

JPMorgan Chase is buying most assets of First Republic Bank after the nation's second-largest bank failure ever, in a deal announced early Mon…

'Recession shock' is coming, Bank of America warns

'Recession shock' is coming, Bank of America warns

  • Spencer Platt/Getty Images
  • Updated Apr 12, 2022

People walk by the New York Stock Exchange (NYSE) on April 4, in New York City. "'Inflation shock' worsening, 'rate shock' just beginning, 're…

'Recession shock' is coming, Bank of America warns
Consumer Watch

'Recession shock' is coming, Bank of America warns

  • By Matt Egan, CNN Business
  • Updated Apr 12, 2022

Bank of America is warning that high inflation poses a credible threat to the economic recovery that began just two years ago.

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