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Regional bank stocks plunged heavily on Thursday as turmoil in the banking system continues after JPMorgan Chase’s purchase of the failed First Republic Bank.
JP Morgan has bought out First Republic after the bank failed, marking the third to do so in just two months.
The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step in its yearlong effort to curb inflation.
The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step in its yearlong effort to curb inflation.