Power Breakfast: JPMorgan Chase Pays $10.5 Billion To Acquire Failed First Republic Bank

Name: Power Breakfast: JPMorgan Chase Pays $10.5 Billion To Acquire Failed First Republic Bank
Uploaded: 2023-05-02T08:33:01+05:30
Duration: 24 min 56 s
Description: The US market broke a two-day winning streak yesterday. Dow slipped 50 points amid trading in a range of 250 points. China`s stock market will remain closed today. The 10-year bond yield rose to 3.55%. Today all eyes are on the results of Ford, Pfizer, Starbucks and Uber. JPMorgan Chase has acquired First Republic for $10.5 billion.

The US market broke a two-day winning streak yesterday. Dow slipped 50 points amid trading in a range of 250 points. China's stock market will remain closed today. The 10-year bond yield rose to 3.55%. Today all eyes are on the results of Ford, Pfizer, Starbucks and Uber. JPMorgan Chase has acquired First Republic for $10.5 billion.

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Written By: Zee Business Video Team

Updated on: May 02, 2023, 08.47 AM IST