JPMorgan's Acquisition of First Republic Boosts Shareholder Dreams Amidst Market Uncertainty.

JPMorgan Chase has acquired the majority of First Republic Bank's assets, including $173bn of loans, $30bn of securities, and $92bn of deposits, in a deal negotiated by regulators. JPMorgan benefited from a loophole in a 1994 law that allowed waivers from the 10% maximum for buyers that stepped up to rescue failing lenders that the FDIC stood poised to shut down. The deal has already given JPMorgan's stock a boost and stabilized the shaky outlook for regional banks.