Acquisition of First Republic Bank
GPTKB entity
Statements (68)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
bank acquisition
|
| gptkbp:acquisition |
gptkb:JPMorgan_Chase
forced acquisition |
| gptkbp:analyzes |
further acquisitions likely
|
| gptkbp:baseLocation |
First_Republic_Bank_brand_phased_out
|
| gptkbp:brand |
JPMorgan_Chase_branding_applied
|
| gptkbp:causedBy |
failure_of_First_Republic_Bank
|
| gptkbp:community |
deteriorated prior to acquisition
|
| gptkbp:community_involvement |
concerns over service quality
|
| gptkbp:communityEngagement |
efforts to maintain community relations
|
| gptkbp:communityPartnerships |
formed with other financial institutions
|
| gptkbp:competitors |
conducted post-acquisition
|
| gptkbp:corporateSocialResponsibility |
not required
|
| gptkbp:customerService |
focus on retaining clients
transfer_of_accounts_to_JPMorgan_Chase |
| gptkbp:date |
May 1, 2023
|
| gptkbp:economicImpact |
influence on local economies
increased_deposits_for_JPMorgan_Chase |
| gptkbp:employeeCount |
job losses expected
|
| gptkbp:financials |
Lazard
aimed at improving stability aimed at long-term stability. planned for acquired assets provided by investment banks consolidated_into_JPMorgan_Chase_reports improved_for_JPMorgan_Chase positive_for_JPMorgan_Chase |
| gptkbp:followedBy |
integration of assets
|
| gptkbp:futurePlans |
consolidation in banking industry
uncertain for banking sector |
| gptkbp:historicalContext |
completed in one weekend
part of 2023 banking turmoil |
| gptkbp:historicalSignificance |
notable event in banking history
|
| https://www.w3.org/2000/01/rdf-schema#label |
Acquisition of First Republic Bank
|
| gptkbp:impact |
increased_market_share_for_JPMorgan_Chase
|
| gptkbp:investmentFocus |
mixed reviews
cautiously optimistic |
| gptkbp:involved |
gptkb:FDIC
|
| gptkbp:keyFigures |
gptkb:Jamie_Dimon
|
| gptkbp:legalStatus |
compliance with banking regulations
|
| gptkbp:location |
gptkb:United_States
|
| gptkbp:market |
identified for growth
increased consolidation positive_for_JPMorgan_Chase strengthened_for_JPMorgan_Chase |
| gptkbp:mediaCoverage |
extensive
|
| gptkbp:outcome |
closure_of_First_Republic_Bank_branches
|
| gptkbp:paymentMethods |
asset-based valuation
assumed_by_JPMorgan_Chase |
| gptkbp:postRetirementCareer |
expansion of services offered
|
| gptkbp:precededBy |
banking crisis 2023
|
| gptkbp:publicAccess |
mixed reactions
|
| gptkbp:regulatoryCompliance |
gptkb:Federal_Reserve
ongoing monitoring required scrutiny from regulators |
| gptkbp:researchInterest |
favorable
|
| gptkbp:riskManagement |
economic downturn
enhanced_for_JPMorgan_Chase |
| gptkbp:scholarships |
government assistance
|
| gptkbp:services |
new products introduced
|
| gptkbp:significance |
largest bank failure since 2008
|
| gptkbp:stakeholders |
ongoing discussions with stakeholders
shareholders_of_First_Republic_Bank |
| gptkbp:strategicGoals |
diversification of portfolio
enhance competitive position |
| gptkbp:tactics |
expansion of services
|
| gptkbp:type |
financial transaction
|
| gptkbp:values |
$10.6 billion
|