
California’s First Republic Bank Seized By US Regulators, JPMorgan To Acquire It
First Republic Bank was seized by US regulators. (Representational) First Republic Bank was taken over by regulators and will be acquired by JPMorgan Chase & Co. after rescue efforts failed to undo the damage from wrong-way investments and depositor runs that have roiled regional lenders. JPMorgan will “assume all deposits, including all uninsured deposits, and