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Regulators Prepare to Take Over Struggling First Republic Bank

  • First Republic Bank has lost over $100 billion in customer deposits and its stock price has plummeted.
  • The FDIC is expected to take First Republic into receivership after rescue efforts failed.
  • JPMorgan and other large banks are potential buyers if the FDIC seizes First Republic.
  • The collapse of Silicon Valley Bank in March intensified troubles at First Republic.
  • First Republic's wealthy client base and real estate lending practices proved unsustainable.
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