R "Ray" Wang, Constellation Research Principal Analyst & Founder discusses the upcoming week in tech earnings and previews if he believes the market is ready for a rebound. Read More...
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Why did JPMorgan Chase buy First Republic out of receivership?
You can ask why JPMorgan Chase agreed to buy the failed First Republic Bank out of regulatory receivership. But a better question might be, why not? As JPMorgan chairman and CEO Jamie Dimon explained in a company press release: “This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise.”
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