• The crisis that led to the downfall of three regional U.S. banks in recent weeks is largely over after the resolution of First Republic, according to JPMorgan Chase CEO Jamie Dimon.
• JPMorgan emerged as the winner of a weekend auction for First Republic after regulators decided that time had run out on a private sector solution.
• “There are only so many banks that were offsides this way,” Dimon told analysts in a call shortly after the deal was announced.

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