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Why Jamie Dimon is the CEO that bridges Wall Street and Washington

Emily Flitter of The New York Times explains how the head of JPMorgan became one of the key people trying to shore up the banking system.
"It's not like Jamie Dimon has dictatorial control over the situation the way John Pierpont Morgan Sr. did, but there are some incredible similarities," says New York Times reporter Emily Flitter. Above, the JPMorgan Chase CEO.
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How can regional banks manage the industry's troubles?

May 4, 2023
Larger lenders and regulators step in for the good of the overall banking system. But confidence among depositors is key.
Regional banks continue to struggle. News that PacWest is exploring "strategic options," including a sale of the company, sent its stock sliding.
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What do bank branches offer in an online-banking world?

May 3, 2023
JPMorgan Chase's purchase of First Republic includes its brick-and-mortar locations. In-person interaction is still a key part of the business.
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How interest-only mortgages can be risky for borrowers and lenders

May 2, 2023
These mortgages were key to the economic climate that led to the 2008 financial crisis. First Republic had a lot of them.
First Republic Bank had a lot of of interest-only loans, which can be risky for both borrowers and lenders.
Patrick T. Fallon/AFP via Getty Images

How will banking change amid wreckage of SVB, First Republic?

May 2, 2023
New regulation and industry consolidation will be key. Loans may be scarcer for new businesses and in low-income and rural communities.
Executives and regulators would like the fallout of the recent bank failures to be limited, but the impact is being felt.
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What's next for JPMorgan after acquiring First Republic?

May 2, 2023
JPMorgan acquired First Republic's assets and customers, but also a lot of outstanding debt.
JPMorgan Chase CEO Jamie Dimon is pictured. The bank's acquisition of First Republic means it assumes a large number of new assets, customers and debt.
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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.
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For public good, not for profit.

Small banks are doing just fine. Thanks for asking.

May 1, 2023
Main Street banks, often more diversified and risk-averse than Wall Street banks, are largely shrugging off First Republic’s meltdown.
Although depositors pulled $100 billion out of smaller banks in the aftermath of Silicon Valley Bank's failure, the collapse of First Republic has so far been met with a more muted response.
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By acquiring First Republic, JPMorgan becomes "too big to be too-big-to-fail"

The reverberations of the Silicon Valley Bank collapse have taken down First Republic. What's next for the financial industry?
JPMorgan Chase's acquisition of First Republic further consolidates the industry in the country's largest bank, says the University of Michigan's Erik Gordon.
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When short sellers bet against banks

Apr 28, 2023
Short sellers have made more than a billion dollars betting that First Republic would tank. Is that good for financial stability?
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