JPMorgan, other big U.S. banks flooded with new clients post SVB collapse-FT

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These banks are trying to accommodate these customers, including by taking extra steps to speed up the normal sign-up process, the FT said, citing several people familiar with the matter.

JPM, Citi and Bank of America Corp (NYSE:BAC) did not immediately respond to Reuters’ requests for comment.

Shares of U.S. regional banks such as First Republic Bank (NYSE:FRC), Western Alliance (NYSE:WAL) and KeyCorp (NYSE:KEY) have slumped on fears of possible bank contagion following the collapse of SVB and Signature Bank (NASDAQ:SBNY).