Government of India: Domestic coal production will reach 73.02 million tons in April 2023, a year-on-year increase of 8.67%.

JPMorgan Chase CFO Barnum: Will do everything possible to retain customers of First Republic Bank.

U.S. 2-year and 3-year Treasury yields rose 10 basis points on the day.

JPMorgan Chase CEO Dimon: Strong community banks are always needed.

U.S. Treasuries extended losses after news that Meta Platforms (META.O) launched a five-tranche bond sale.

JPMorgan Chase CEO Dimon: People will see other cracks in the economic system, such as economic recession, rising interest rates, but the banking system is still safe.

JPMorgan Chase CEO Dimon: The problem of bank failures is almost over.

JPMorgan Chase CEO Dimon: First Republic deal will reduce bank lending.

JPMorgan Chase CFO Barnum: This is very different from the situation in 2008.

JPMorgan Chase CFO Barnum: But the First Republic deal will help stabilize the financial system.

JPMorgan Chase CFO Barnum: We did not actively seek to acquire First Republic Bank, but the deal does have benefits.

U.S. Senate Majority Leader Schumer: House Republicans passed the debt limit plan to reverse the original process and must do everything possible to prevent debt defaults.

JPMorgan Chase CEO Dimon: New colleagues at First Republic Bank will be treated with respect, care and transparency.

According to Interfax: The Russian Ministry of Defense said that Russian troops continued to advance towards Bakmut.

According to TASS: The Russian Ministry of Defense stated that Russian troops attacked Ukrainian military installations at night, and all designated targets were hit.

JPMorgan Chase: 800 employees take part in survey of First Republic Bank.

JPMorgan plans to turn some First Republic branches into wealth centers.

JPMorgan Chase: The FDIC will provide $50 billion in 5-year fixed-rate financing.

Market news: JPMorgan will pay $10.6 billion to the FDIC.

According to the Wall Street Journal: At least in the next few years, Ernst & Young will not be split.