JPMorgan's takeover of First Republic fuels M&A expectations

JPMorgan's takeover of First Republic fuels M&A expectations

FILE PHOTO: A First Republic Bank branch is seen in New York City, U.S., April 28, 2023. REUTERS/Shannon Stapleton

Few investors and bankers could have imagined regulators would allow the largest U.S. lender to buy another bank and become even bigger. Then, Jamie Dimon beat the odds, clinching a deal to buy First Republic Bank on Monday.