The Latest Breaking News from JPMorgan

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“I put a lot of my time and attention into this, because I think it really threatens to erode democracies,” says Horovitz.

June S&P 500 futures (ESM23) are up +0.04%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.05% this morning as market participants digested JPMorgan’s takeover of First Republic’s assets while looking ahead to the Federal Reserve’s upcoming interest rate decision as well as Friday’s nonfarm payrolls report.

The bank's been on shaky ground since the failure of Silicon Valley Bank.

Drastic intervention to contain third US bank failure in two months

US regional bank First Republic had a little more than $301 billion worth of assets and around 7,000 employees.

The regional bank has lost 97% of its value since March.

The bank’s pro-office memo was instantly ripped apart by workers calling it “tone deaf” and “divisive.”

Think ChatGPT, but for the weird things Jerome Powell says every couple months. It’s “a large language model tuned to central bank speak.”

“Ms. Javice faces numerous impending deadlines for which she is incurring substantial expense,” said Michael Barlow, an attorney with law firm Abrams & Bayliss, in a recent letter to the judge.

The United States gave JPMorgan permission to process payments for agricultural exports via the Russian Agricultural Bank, but the arrangement was no substitute for reconnecting the bank to the SWIFT system, two Russian sources told Reuters.