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The First Republic deal has come at a crucial point for the markets and economy

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Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City. 

Michael M. Santiago | Getty Images

JPMorgan Chase’s takeover of First Republic likely ends the panic phase of the banking crisis, with the fallout left to come in a pivotal week for markets and the economy.

Following an unsuccessful effort to keep First Republic open, the largest U.S. bank by deposits reached a deal to take over the 14th-largest…

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