Shares of JPMorgan Chase & Co. JPM climbed over 3% in premarket trading after the big bank prevailed in the bidding war to lap up the assets and deposits of…
First Republic Bank is struggling since the collapse of Silicon Valley Bank and Signature Bank, worrying investors and depositors. Regulators are searching for a solution, and former Goldman Sachs President Gary Cohn suggests selling the bank in its entirety. First Republic Bank has total assets of $233 billion as of March 31 and ranks 14th in size among U.S. commercial banks.