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JPMorgan's Acquisition Strategy
- JPMorgan acquired First Republic Bank in a deal beneficial to both parties.
- The acquisition offers JPMorgan access to First Republic's wealth management business.
Loss-Sharing Agreement
- JPMorgan and the FDIC agreed to a loss-sharing arrangement on acquired loans.
- This arrangement resembles those used during the 2008-2010 financial crisis.
Fed Rate Hikes and Bank Failures
- The Federal Reserve's rapid interest rate hikes impact financial stability.
- Bank failures are linked to the Fed's actions, despite claims of idiosyncratic issues.