First Republic's rescue by JPMorgan means the worst of the banking uncertainty is over, Citi CEO says

• First Republic's rescue by JPMorgan will put an end to the worst of the banking uncertainty, Citi CEO Jane Fraser says.
• "This is a case of a small handful of banks that were poorly managed, and getting this addressed is very important," she told Bloomberg.
• JPMorgan took over First Republic after customers yanked over $100 billion worth of deposits.

The worst of the banking uncertainty is likely over thanks to JPMorgan's rescue of First Republic, according to Citigroup boss Jane Fraser.