Why did JPMorgan buy First Republic Bank

xNY.io - Bank.org is pricing this crypto RICO at $10B. What they did to us at First Republic has nothing to do with the hush money situation. Honestly, they let Gunnar Larson speak his mind and I appreciate the Cypherpunks list for that utility. Anyhow, I heard the NY-DFS Superintendent banks at First Republic too. Small world! ---- https://www.marketplace.org/2023/05/01/for-jpmorgan-loss-sharing-sweetened-i... JPMorgan won that auction, and it's paying a cool $10.6 billion for the bank, but not without some guarantees. JP Morgan Chase CEO Jamie Dimon said the deal to rescue First Republic only modestly benefits his bank.