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Surveillance: JPMorgan To Acquire First Republic

Bloomberg Surveillance

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Intelligent Automation Briefing on Transformation in a Time of Uncertainty

Joseph LaVornia of SMBC Group: The Fed is making the problem worse by lifting money market rates, which is encouraging to record deposit flight. "It's kind of like, remember in Zoolander with Will Ferrell, the, you know, move on to a piano key necktie like the Fed," he says. Never thought that I'd hear Zoolander cited as a model for Fed policy.

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