Former executives of First Republic Bank are under investigation for their conduct prior to the bank's government seizure and sale to JPMorgan Chase, according to a new report.The Securities and Exchange Commission is looking into whether any members of the then-executive team of First Republic improperly traded on inside information, reported on Friday.Regulators seized troubled First Republic Bank early Monday, and JPMorgan agreed to buy majority of its $229 billion in assets, making it the largest US bank failure since the 2008 financial crisis.
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