private banking
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Federal Deposit Insurance Corporation of the United States: The First Republic Bank Office will reopen as a branch of JPMorgan Chase
According to reports, the Federal Deposit Insurance Corporation of the United States stated that the Office of First Republic Bank will reopen as a branch of JPMorgan Chase, and 84
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Bank of First Republic rose more than 20% in the US before the market, while Credit Suisse fell 4%
According to reports, the US stock market of First Republic Bank (FRC. N) rose more than 20% before the market. Credit Suisse (CS. N. Interpretation of this information: ) made a recommendation to purchase the stock, stating that the bank’s financial results exceeded expectations. Credit Suisse further noted that First Republic Bank has a well-managed business model and solid growth potential in the private banking industry. This announcement by Credit Suisse resulted in a buying spree by investors, causing the stock to jump 20% even before the market opened. This…