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Bitcoin, Dogecoin Tumble As JP Morgan Takes Over First Republic - First Republic Bank (NYSE:FRC), JPMorgan Chase (NYSE:JPM)

Summary by Ground News
First Republic Bank is now the second-largest bank failure in U.S. history. JPMorgan Chase will now take over First Republic Bank, which had $229.1 billion in assets and $103.9 billion in deposits as of April 13. Chase already holds more than 10% of the nation's deposits, which would have technically made it ineligible.

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Bias Distribution

  • 43% of the sources are Center
43% Center
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Bloomberg broke the news in United States on Sunday, April 30, 2023.
Sources are mostly out of (0)