Jamie Dimon, CEO of Jpmorgan Chase, said that the crisis that led to the downfall of three regional U.S. banks in recent weeks is largely over after the resolution of First Republic. First Republic was seized by the Federal Deposit Insurance Corporation and JPMorgan announced that it is acquiring nearly all of the deposits and most of the assets of First Republic. Dimon said that there are only so many banks that were offsides this way and that this part of the crisis is over. Down the road, investors are still exposed to risks created by the Federal Reserve's interest rate hikes and their impact on assets including real estate.
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