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JPMorgan To Pay FDIC $10.6 Billion For First Republic, This is What It Gets



JPMorgan Chase & Co. will pay $10.6 billion to the Federal Deposit Insurance Corporation (FDIC) to buy First Republic Bank As a part of this deal, JPMorgan will take on all $92 billion of First Republic’s $103.9 billion deposits. It will also buy the bulk of the failed bank’s assets, which include about $173 billion in loans and $30 billion in securities.

 

 

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