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JPMorgan’s Jamie Dimon gets a second chance with First Republic buy
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When it comes to taking on troubled banks, this time may be different for JPMorgan Chase.
The US’s biggest bank has stepped up to acquire the deposits and most of the assets of First Republic Bank, which was closed by the Federal Deposit Insurance Corporation in the early hours of 1 May morning. The deal has echoes of past rescues by JPMorgan, but may have a happier ending.
The...
Read more on fnlondon.comAbout this in other media
Jamie Dimon’s pay gets backing from top proxy adviser fnlondon.com /11 months ago
After First Republic's rescue, economists predict further pain with a 'new era' of higher inflation cnbc.com /11 months ago
Is the banking crisis coming to an end? As JP Morgan CEO notes, risks linger theguardian.com /11 months ago
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