{"id":70075,"date":"2023-05-02T11:48:08","date_gmt":"2023-05-02T06:18:08","guid":{"rendered":"https:\/\/www.the-next-tech.com\/?post_type=web-story&#038;p=70075"},"modified":"2023-05-02T11:48:16","modified_gmt":"2023-05-02T06:18:16","slug":"first-republic-bank-seized-and-sold-to-jpmorgan-chase","status":"publish","type":"web-story","link":"https:\/\/www.the-next-tech.com\/web-stories\/first-republic-bank-seized-and-sold-to-jpmorgan-chase\/","title":{"rendered":"First Republic Bank Seized and Sold To JPMorgan Chase"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link 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poster-portrait-src=\"https:\/\/s3.amazonaws.com\/static.the-next-tech.com\/wp-content\/uploads\/2023\/05\/02114635\/Frame-10-15.jpg\"><amp-story-page id=\"b9d5bd8c-0bd7-4a31-9e52-295e4afd8274\" auto-advance-after=\"10s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#020202\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-49a312d6-9bfa-4e6e-b765-325f21f1e7b7\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0.24272%;top:28.64078%;width:100%;height:88.34951%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-94834223-32c1-4367-93bb-6015d77a9397\">\n<div style=\"position:absolute;width:100%;height:100.61051%;left:0%;top:-0.30525%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/e\/e7\/383_Madison_Ave_Bear_Stearns_C_R_Flickr_1.jpg\" alt=\"383_Madison_Ave_Bear_Stearns_C_R_Flickr_1.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:12.13592%;top:7.9288%;width:73.54369%;height:20.71197%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6600660066006601% 0.6600660066006601% 0.6600660066006601% 0.6600660066006601% \/ 1.5625% 1.5625% 1.5625% 1.5625%\" id=\"el-8313926c-3175-4359-8874-fe0476ba635f\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.32920792079207883% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.566343em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"JPMorgan_Takes_Over_First_Republic_Bank\"><\/span><span><span style=\"font-weight: 700; color: #fff599\">JPMorgan &nbsp;Takes Over First Republic Bank<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"dab0a0d6-0e08-4a54-b2cc-bd6e9775071e\" auto-advance-after=\"10s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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id=\"el-8aa7f1f9-cc7d-4acd-8003-168688d7887e\">\n<div style=\"position:absolute;width:100%;height:100.24781%;left:0%;top:-0.1239%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/premium-vector\/house-sold-real-estate-illustration_619130-378.jpg?w=740\" alt=\"house-sold-real-estate-illustration_619130-378.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:60.03236%;width:75.72816%;height:27.83172%;opacity:1\">\n<div id=\"anim-169ed148-0754-42c4-8ca1-2f27041aa53b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-7da569c0-ffe5-4f9c-b7a0-70b530f4a29a\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0px, 176.87337%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.641025641025641% 0.641025641025641% 0.641025641025641% 0.641025641025641% \/ 1.1627906976744187% 1.1627906976744187% 1.1627906976744187% 1.1627906976744187%\" id=\"el-29d0e13a-24d5-426f-978a-244e6c8eb3c0\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.10817307692307647% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"Regulators_seized_First_Republic_Banks_assets_and_sold_them_to_JPMorgan_Chase_in_an_agreement_to_resolve_the_biggest_US_banking_failure_since_2008\"><\/span><span><span style=\"font-weight: 700; color: #fff599\">Regulators seized First Republic Bank&#8217;s assets and sold them to JPMorgan Chase in an agreement to resolve the biggest U.S. banking failure since 2008.&nbsp;<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"87f1e42e-2231-4d37-9a4e-a20041a6e584\" auto-advance-after=\"10s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-445217b8-eec2-44c0-9165-813172ec4098\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-7a328a37-1042-4ea5-bf06-24293349f0be\",\"keyframes\":{\"transform\":[\"translate3d(-94.4086%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 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style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-601d8955-e715-4460-9c41-8ab7fe97d9be\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(118.85521%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6734006734006733% 0.6734006734006733% 0.6734006734006733% 0.6734006734006733% \/ 1.3986013986013985% 1.3986013986013985% 1.3986013986013985% 1.3986013986013985%\" id=\"el-62cf72dd-4182-40a2-8073-069daf01fe19\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.11363636363636315% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"JPMorgan_Chase_Co_would_receive_all_the_deposits_of_the_failing_bank_and_%E2%80%9Ca_substantial_majority_of_assets%E2%80%9D\"><\/span><span><span style=\"font-weight: 700; color: #e80c0c\">JPMorgan Chase &amp; Co. would receive all the deposits of the failing bank and &#8220;a substantial majority of assets&#8221;.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"f1c2d79a-f345-42cf-abfa-3a401fedeefc\" auto-advance-after=\"10s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-b7ed1bf2-60e9-4cd9-b9bd-b5608a80f420\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":300,\"duration\":2000,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 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alt=\"jp-morgan-image.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:14.07767%;width:71.1165%;height:26.69903%;opacity:1\">\n<div id=\"anim-afa95386-4b53-4111-a13f-d4b31dc3af89\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6825938566552902% 0.6825938566552902% 0.6825938566552902% 0.6825938566552902% \/ 1.2121212121212122% 1.2121212121212122% 1.2121212121212122% 1.2121212121212122%\" id=\"el-5e49be5c-368f-4207-acab-a12725d77fd4\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.11038822525597233% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"JPMorgan_will_receive_about_92_billion_of_deposits_including_the_30_billion_it_and_other_large_bankers_put_into_First_Republic_last_month\"><\/span><span><span style=\"font-weight: 700; color: #a4133c\">JPMorgan will receive about $92 billion of deposits, including the $30 billion it and other large bankers put into First Republic last month.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"1849b921-f8d5-4478-9602-c933ff0f0c55\" auto-advance-after=\"10s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-eec49feb-84c5-42dc-8424-96c3124fe4f9\",\"keyframes\":{\"transform\":[\"translate3d(100.00000%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-6c67a440-55ad-4a64-8890-91e7a3b4d0af\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-9d888c6c-a5f9-440a-8572-7b165b885974\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-1dfb69e5-0fea-4898-848b-a6484db00816\",\"keyframes\":{\"transform\":[\"translate3d(-114.8265%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-40bc525f-801e-4a08-bdd1-90847d4d033f\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-6eea276c-e9fc-4203-a83e-4390de18e689\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#161616\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-4f9ecf8d-f371-4a42-a626-51763144585e\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-49.27184%;top:44.49838%;width:149.27184%;height:66.18123%;opacity:1\">\n<div id=\"anim-eec49feb-84c5-42dc-8424-96c3124fe4f9\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(100.00000%, 0px, 0)\">\n<div id=\"anim-6c67a440-55ad-4a64-8890-91e7a3b4d0af\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-9d888c6c-a5f9-440a-8572-7b165b885974\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-ea78cf3e-3a22-4297-8bc1-c347ea07145b\">\n<div style=\"position:absolute;width:100%;height:100.17676%;left:0%;top:-0.08838%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/premium-photo\/banking-technology-designisometric-illustration-bank-geometric-technology_391052-10197.jpg?w=740\" alt=\"banking-technology-designisometric-illustration-bank-geometric-technology_391052-10197.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.40777%;top:10.35599%;width:76.94175%;height:18.93204%;opacity:1\">\n<div id=\"anim-1dfb69e5-0fea-4898-848b-a6484db00816\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-114.8265%, 0px, 0)\">\n<div id=\"anim-40bc525f-801e-4a08-bdd1-90847d4d033f\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-6eea276c-e9fc-4203-a83e-4390de18e689\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6309148264984227% 0.6309148264984227% 0.6309148264984227% 0.6309148264984227% \/ 1.7094017094017095% 1.7094017094017095% 1.7094017094017095% 1.7094017094017095%\" id=\"el-b49fa666-41ba-4df8-bdaf-fb949f30628c\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.2157728706624609% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"JPMorgan_is_taking_on_30_billion_in_securities_and_173_billion_in_loans_as_well\"><\/span><span><span style=\"font-weight: 700; color: #fff599\">JPMorgan &nbsp;is taking on $30 billion in securities and $173 billion&nbsp;in loans as well<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"6e1cadac-fd32-4b2a-a23d-6a9d9599b483\" auto-advance-after=\"10s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-00925565-a343-47ae-8356-1bf87d5593c2\",\"keyframes\":[{\"transform\":\"scale(1)\",\"offset\":0},{\"transform\":\"scale(1.5)\",\"offset\":0.33},{\"transform\":\"scale(0.95)\",\"offset\":0.66},{\"transform\":\"scale(1)\",\"offset\":1}],\"delay\":0,\"duration\":1450,\"easing\":\"ease-in-out\",\"fill\":\"both\",\"iterations\":1}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-67d4d217-891a-4e67-b6ec-2cab58ead454\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1600,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-00e3b53c-3be6-4fe2-bf1b-3f9c6b306a74\",\"keyframes\":{\"transform\":[\"translate3d(0px, -152.96488%, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1600,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-c65742f8-e788-4d3e-8101-ef62d6007b6a\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:10.19417%;top:49.67638%;width:80.09709%;height:53.39806%;opacity:1\">\n<div id=\"anim-00925565-a343-47ae-8356-1bf87d5593c2\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(1)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-7e9cd888-3d36-4add-ace8-9f4f1f3841c4\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/b\/bd\/Seal_of_the_United_States_Federal_Deposit_Insurance_Corporation.svg\/1200px-Seal_of_the_United_States_Federal_Deposit_Insurance_Corporation.svg.png\" alt=\"1200px-Seal_of_the_United_States_Federal_Deposit_Insurance_Corporation.svg.png\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:13.83495%;top:7.28155%;width:72.08738%;height:31.22977%;opacity:1\">\n<div id=\"anim-67d4d217-891a-4e67-b6ec-2cab58ead454\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-00e3b53c-3be6-4fe2-bf1b-3f9c6b306a74\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0px, -152.96488%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6734006734006733% 0.6734006734006733% 0.6734006734006733% 0.6734006734006733% \/ 1.0362694300518136% 1.0362694300518136% 1.0362694300518136% 1.0362694300518136%\" id=\"el-4ea2215a-79d4-452f-91f2-2aca7372672c\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.10890151515151479% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"The_FDIC_has_agreed_to_absorb_the_majority_of_losses_that_JPMorgan_will_incur_on_commercial_and_mortgage_loans_as_well_as_providing_it_with_a_credit_line_of_50_billion\"><\/span><span><span style=\"font-weight: 700; color: #6f4518\">The FDIC has agreed to absorb the majority of losses that JPMorgan will incur on commercial and mortgage loans, as well as providing it with a credit line of $50 billion.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"410998f3-1be7-4488-b90e-3d6ea70aea9b\" auto-advance-after=\"10s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-058154af-6f35-4aaa-91dd-802dbf0d2715\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1600,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-b295444d-848f-4831-9819-b34d389f3058\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":1600,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-ab44e768-cc99-4637-80f3-fc58e601236c\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-c73d6f3a-c195-4891-bdcc-64a00c216a58\",\"keyframes\":{\"transform\":[\"translate3d(0px, 140.90659%, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-49d759ff-5475-4535-aa60-b3bec2dd7ce3\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-10.43689%;top:-0.32362%;width:121.1165%;height:60.67961%;opacity:1\">\n<div id=\"anim-058154af-6f35-4aaa-91dd-802dbf0d2715\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-b295444d-848f-4831-9819-b34d389f3058\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-c7dc2490-4409-4520-952f-b89b747ef14c\">\n<div style=\"position:absolute;width:100.2004%;height:100%;left:-0.1002%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/i0.wp.com\/logotaglines.com\/wp-content\/uploads\/2016\/11\/JPMorgan-Chase-Co-Logo.jpg?fit=560%2C420&amp;ssl=1\" alt=\"JPMorgan-Chase-Co-Logo.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:15.04854%;top:63.43042%;width:70.38835%;height:32.52427%;opacity:1\">\n<div id=\"anim-ab44e768-cc99-4637-80f3-fc58e601236c\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-c73d6f3a-c195-4891-bdcc-64a00c216a58\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0px, 140.90659%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6896551724137931% 0.6896551724137931% 0.6896551724137931% 0.6896551724137931% \/ 0.9950248756218906% 0.9950248756218906% 0.9950248756218906% 0.9950248756218906%\" id=\"el-703293c0-56ad-4841-99d8-f05213801f99\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.1163793103448271% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"JPMorgan_will_gain_over_500_million_in_profit_annually_from_the_acquisition_JPMorgan_announced_that_it_would_be_paying_106_billion_to_the_FDIC\"><\/span><span><span style=\"font-weight: 700; color: #0166b1\">JPMorgan will gain over $500 million in profit annually from the acquisition. JPMorgan announced that it would be paying $10.6 billion to the FDIC.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"a37e9406-da42-4679-976d-31e1a94ebddb\" auto-advance-after=\"10s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-045745fd-3590-42af-9d4e-8f8e0e3336df\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-89b2801e-e672-47ac-a636-9c352d47067f\",\"keyframes\":{\"transform\":[\"translate3d(-81.81818%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 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Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"Shares_of_First_Republic_had_lost_97_while_the_shares_of_JPMorgan_rose_33_at_midday\"><\/span><span><span style=\"font-weight: 700; color: #fff599\">Shares of First Republic had lost 97% while the shares of JPMorgan rose 3.3% at midday.&nbsp;<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>First Republic Bank was taken over by regulators, who sold off a large chunk of the bank&#8217;s assets to JPMorgan Chase. 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color: #fff599\">JPMorgan &nbsp;Takes Over First Republic Bank<\/span>","borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"x":50,"y":49,"width":303,"height":128,"id":"8313926c-3175-4359-8874-fe0476ba635f"}],"backgroundColor":{"color":{"r":2,"g":2,"b":2}},"type":"page","id":"b9d5bd8c-0bd7-4a31-9e52-295e4afd8274"},{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"type":"shape","id":"89cfd864-acb8-40ea-9329-8c0b6ba54a95"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"scale":100,"focalX":50,"focalY":50,"resource":{"type":"image","mimeType":"image\/jpeg","width":740,"height":529,"sizes":[],"isPlaceholder":false,"isExternal":true,"needsProxy":true,"src":"https:\/\/img.freepik.com\/premium-vector\/house-sold-real-estate-illustration_619130-378.jpg?w=740","id":"8bf229df-eac7-4835-ae53-b1af4376f658","alt":"house-sold-real-estate-illustration_619130-378.jpg","baseColor":"#d4863d"},"type":"image","x":-33,"y":-58,"width":481,"height":343,"mask":{"type":"rectangle","showInLibrary":true,"name":"Rectangle","path":"M 0,0 1,0 1,1 0,1 0,0 Z","ratio":1,"supportsBorder":true},"id":"8aa7f1f9-cc7d-4acd-8003-168688d7887e"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"NONE","font":{"family":"Roboto","weights":[100,300,400,500,700,900],"styles":["italic","regular"],"variants":[[0,100],[1,100],[0,300],[1,300],[0,400],[1,400],[0,500],[1,500],[0,700],[1,700],[0,900],[1,900]],"fallbacks":["Helvetica Neue","Helvetica","sans-serif"],"service":"fonts.google.com","metrics":{"upm":2048,"asc":1900,"des":-500,"tAsc":1536,"tDes":-512,"tLGap":102,"wAsc":1946,"wDes":512,"xH":1082,"capH":1456,"yMin":-555,"yMax":2163,"hAsc":1900,"hDes":-500,"lGap":0}},"fontSize":24,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"lineHeight":1.2,"textAlign":"center","padding":{"locked":true,"hasHiddenPadding":false,"horizontal":0,"vertical":0},"type":"text","content":"<span style=\"font-weight: 700; color: #fff599\">Regulators seized First Republic Bank's assets and sold them to JPMorgan Chase in an agreement to resolve the biggest U.S. banking failure since 2008.&nbsp;<\/span>","borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"x":48,"y":371,"width":312,"height":172,"id":"29d0e13a-24d5-426f-978a-244e6c8eb3c0"}],"backgroundColor":{"color":{"r":60,"g":31,"b":27}},"type":"page","id":"dab0a0d6-0e08-4a54-b2cc-bd6e9775071e","animations":[{"id":"38fd9c76-4d9f-4d7a-8230-0de732476c1a","type":"effect-fly-in","targets":["8aa7f1f9-cc7d-4acd-8003-168688d7887e"],"flyInDir":"topToBottom","duration":1500,"delay":0},{"id":"4b562486-3e61-4904-8a15-ddff296c5c93","type":"effect-fly-in","targets":["29d0e13a-24d5-426f-978a-244e6c8eb3c0"],"flyInDir":"bottomToTop","duration":1500,"delay":0}]},{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"type":"shape","id":"52a02330-9e8f-4b6a-acd5-dd32016581aa"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"scale":100,"focalX":50,"focalY":50,"resource":{"type":"image","mimeType":"image\/jpeg","width":740,"height":493,"sizes":[],"isPlaceholder":false,"isExternal":true,"needsProxy":true,"src":"https:\/\/img.freepik.com\/premium-photo\/protect-money-concept-piggy-bank-safe-bank-building-white-background_476612-10291.jpg?w=740","id":"77e4203d-8fa8-4ace-8a61-a9516b9870a8","alt":"protect-money-concept-piggy-bank-safe-bank-building-white-background_476612-10291.jpg","baseColor":"#bbb8b4"},"type":"image","x":-26,"y":310,"width":465,"height":309,"mask":{"type":"rectangle","showInLibrary":true,"name":"Rectangle","path":"M 0,0 1,0 1,1 0,1 0,0 Z","ratio":1,"supportsBorder":true},"id":"7939adad-b633-4d9e-af75-2218949a5ca0"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"NONE","font":{"family":"Roboto","weights":[100,300,400,500,700,900],"styles":["italic","regular"],"variants":[[0,100],[1,100],[0,300],[1,300],[0,400],[1,400],[0,500],[1,500],[0,700],[1,700],[0,900],[1,900]],"fallbacks":["Helvetica Neue","Helvetica","sans-serif"],"service":"fonts.google.com","metrics":{"upm":2048,"asc":1900,"des":-500,"tAsc":1536,"tDes":-512,"tLGap":102,"wAsc":1946,"wDes":512,"xH":1082,"capH":1456,"yMin":-555,"yMax":2163,"hAsc":1900,"hDes":-500,"lGap":0}},"fontSize":24,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"lineHeight":1.2,"textAlign":"center","padding":{"locked":true,"hasHiddenPadding":false,"horizontal":0,"vertical":0},"type":"text","content":"<span style=\"font-weight: 700; 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