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J.P. Morgan's First Republic Deal, Twitter v. Bluesky, and Friend of Pivot Joelle Emerson
Pivot
JP Morgan's Deal With First Republic Bank
JP Morgan is getting about $92 billion in deposits in the deal, including $30 billion that was put into First Republic last month to try to save it. The bank will also observe $173 billion in outstanding loans and $30 billion in security. Jamie Diamond, here he is again, was already the country's largest bank. This makes it even bigger.
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