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JPMorgan closes 14 First Republic branches as senators call for new merger guidelines
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Banking, Government Oversight, Mergers & Acquistions
Friday, September 29, 2023
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JPMorgan Chase’s recent announcement of its plan to close 14
branches acquired from First Republic Bank, one of three banks to fail this
past spring, has sparked discussion about federal policies governing bank
mergers and acquisitions.
The fact that First Republic’s failure represents the
second-largest bank collapse in U.S. history and that those assets were
acquired by the nation’s largest bank has proponents of tighter regulations
fired up.
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