Serious answer 0. There will be no acquiring of another banks for JPM after First Republic.

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Do you say that because it could lead into that narrative more broadly? Or do you think another giant like JPM would be the one to `swallow` this bank now?

So first republic is second largest bank failure in U.S. history. It has a lot of strategic reason for JPM to bought it under the helps of government. Right now what’s happening is small regional banks failure. If they are lucky, they find a buyer but it won’t be JPM. If they are unlucky, they go bankrupt like SVB.