FDIC just helped the largest bank in the US get even larger.
fdic.gov/news/press-releases/2023/pr230…
And it only costs the FDIC (meaning the taxpayer) $13 Billion.
nytimes.com/2023/05/01/business/first-r…
As part of the deal, 84 First Republic branches in eight states reopened as JPMorgan branches on Monday.
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