Support our non-partisan non-profit newsroom 💜 Donate now

For JPMorgan, loss sharing sweetened its deal to buy First Republic Bank

May 1, 2023
For one, help from the FDIC, which will absorb up to 80% of the losses coming from First Republic's residential and commercial loans.
The FDIC seized control of First Republic Bank over the weekend and auctioned it off.  JPMorgan won that auction, and it’s paying a cool $10.6 billion for it.
Justin Sullivan/Getty Images

What drives corporations to sign — or not sign — a letter opposing voting restrictions?

Apr 14, 2021
Amazon, Netflix and Starbucks joined a public statement, but Coca-Cola, Walmart and others did not.
Atlanta-based Coca-Cola expressed concern about Georgia's recent voting-rights restrictions but afterward did not join many other companies in making a public statement.
Justin Sullivan/Getty Images

Big banks' profits are doing better than the economy

Jan 15, 2021
They've been raking in money thanks to the strong stock market, companies' appetite for debt and initial public offerings.
Spencer Platt/Getty Images

Haven is folding, but there's still an opportunity to change health care

Jan 5, 2021
The company created by Amazon, Berkshire Hathaway and JPMorgan clashed with the existing infrastructure of health care.
A health care worker helps organize drive-through COVID-19 testing in Florida. The industry has dealt with new pressures in the past year.
Joe Raedle/Getty Images

More optimistic about the recovery, big banks trim the reserves they set aside to cover bad loans

Oct 14, 2020
But if we're in for a double-dip recession, they'll need to set aside billions more than they currently have on hand.
Big banks, like JPMorgan Chase, are feeling more confident about the economic recovery after solid third quarter earnings.
Spencer Platt/Getty Images

Will shareholders make way for other stakeholders?

Aug 19, 2019
CEO group Business Roundtable says companies should consider how they're affecting employees, customers and society — in addition shareholders.
JPMorgan Chase will report earnings tomorrow.
Spencer Platt/Getty Images

For public good, not for profit.

Bank earnings are way, waaay up. Here’s why.

Oct 16, 2018
Quarterly earnings reports out this week from the major banks including JPMorgan Chase, Goldman Sachs and Bank of America show very, very strong gains. Many companies are benefiting from the changed tax code, but banks are a special case. Click the audio player above to hear the full story. 

Bank earnings are way, waaay up. Here’s why.

Oct 16, 2018
Quarterly earnings reports out this week from the major banks including JPMorgan Chase, Goldman Sachs and Bank of America show very, very strong gains. Many companies are benefiting from the changed tax code, but banks are a special case. Click the audio player above to hear the full story. 

The battle for small e-investors

Sep 4, 2018
Big banks are slashing fees — or even eliminating them.
Justin Sullivan/Getty Images