Why Washington Let JPMorgan Buy First Republic- Federal regulators wanted a strong deal for First Republic Bank. As a result, they helped America’s largest lender get even bigger.
"JPMorgan Chase beat out bids from at least three smaller peers, according to people familiar with the matter...
- The recent bout of banking turmoil is poised to help the largest banks grow further, reinforcing their already pronounced dominance...
- The largest U.S. banks grew rapidly in the decade after the last financial crisis, benefiting in part from the presumption that they were too important to the financial system to be allowed to fail...
- The growth has stirred concerns that the big banks have become too powerful...
No comments:
Post a Comment