JPMorgan's Acquisition of First Republic Marks End of Crisis, Boosts Gold and Silver.

JPMorgan Chase CEO Jamie Dimon has stated that the crisis that led to the downfall of three regional US banks in recent weeks is largely over after the resolution of First Republic. 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. The March turmoil exposed poor management by some midsized banks that essentially bet that interest rates wouldn't rise. Down the road, investors are still exposed to risks created by the Federal Reserve's interest rate hikes and their impact on assets including real estate, Dimon added.