Dimon claimed that the takeover would “modestly benefit” JP Morgan Chase and that the assets acquired would be “complementary” to its existing holdings.

Source: https://www.breitbart.com/economy/2023/05/01/first-republic-becomes-next-major-american-bank-to-fail-under-biden-jp-morgan-chase-takes-over-assets/

First Republic Bank became the second largest failure in history Monday when regulators seized it and JP Morgan Chase stepped up as a buyer.

Source: https://ktar.com/story/5490460/fdic-recommends-overhauling-us-insurance-deposit-system/

JP Morgan Chase & Co has announced that the economy will shrink by 11 per cent this quarter, while all major rating agencies have issued warnings relating to a possible downgrade of Israel’s sovereign credit rating.

Source: https://cyprus-mail.com/2023/12/03/israeli-economy-suffers-due-to-conflict/

The seizure of First Republic Bank and its sale to JP Morgan Chase this month is expected to cost another $13 billion.

Source: https://www.mutiny.in/major-us-banks-to-pay-billions-to-replenish-the-failure-funds/