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JPMorgan CEO leading talks for new First Republic rescue plan

Summary by Ground News
JPMorgan Chase CEO Jamie Dimon is working to raise capital for First Republic Bank, WSJ reports. Eleven banks last week placed $30 billion in deposits with First Republic, but the bank still reported lower deposits late Thursday. First Republic stock was paused for trade after losing 37% of its value.

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MarketWatch broke the news in United States on Monday, March 20, 2023.
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