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JPMorgan Chase buys troubled First Republic Bank after U.S. government takeover

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A worker cleans the outside of a First Republic bank in San Francisco. The lender was taken over by regulators and sold to JPMorgan Chase, marking the third bank failure in the country this year. (Getty Images)
A worker cleans the outside of a First Republic bank in San Francisco. The lender was taken over by regulators and sold to JPMorgan Chase, marking the third bank failure in the country this year. (Getty Images)

This article was originally published on May 01, 2023.

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