JPMorgan Chase Takes Over First Republic After U.S. Seizure, Fed Makes 10th Rate Increase and Opens Door to Pause, Stocks close higher amid strong jobs data, regional bank recovery followed by

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JPMorgan Chase Takes Over First Republic After U.S. Seizure

Regulators took possession of First Republic on Monday, after a last-ditch effort to persuade rival lenders to keep the ailing bank afloat failed.

JPMorgan is getting about $92B in deposits in the deal, which includes the $30B that it and other large banks put into First Republic last month. (Read More)

Fed Makes 10th Rate Increase and Opens Door to Pause
Federal Reserve officials raised interest rates by a quarter-point on Wednesday (from 5% to 5.25%) the 10th straight increase in an aggressive campaign to tame rapid inflation. But they also opened the door to pausing rate increases as their policies combine with bank turmoil to weigh down the economy. (Read More)

Stocks close higher amid strong jobs data, regional bank recovery

After a bumpy week, U.S. stocks closed Friday's trading session sharply higher as investors digested the Labor Department's closely watched April jobs report, which showed the U.S. labor market remains strong but that growth is moderating. Key earnings from companies like Apple (AAPL), Starbucks, (SBUX) and Ford (F) came in mostly positive for the quarter. (Read More)

Team News

A Bulgarian Bash

Yes - that is indeed our very own Ramzis Hadzhi dancing on a horse! For the last couple weeks Ramzis has been in his home country celebrating an обрязване with his family, friends, and community. The event was attended by over 12,000 people and there were tons of activities including soccer, ping pong, horse racing, running, chess and national wrestling. Pictured here, you can see him having the time of his life! Welcome back Ramzis. We hope you enjoyed your trip!

Footage coming soon.

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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JPMorgan Chase Takes Over First Republic After U.S. Seizure, Fed Makes 10th Rate Increase and Opens Door to Pause, Stocks close higher amid strong jobs data, regional bank r...

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