May 2, 2023

America's Biggest Bank Just Got Bigger

by The Journal

JPMorgan Chase CEO Jamie Dimon stepped in on Monday to acquire the failing First Republic Bank after it was seized by government regulators. While the deal will put an end to the recent series of bank failures, it also makes the banking industry's leader even more powerful. WSJ's Charles Forelle explains how Dimon's bid came together.

Further Reading:

-Why First Republic Bank Collapsed 

-Jamie Dimon Wins Again in First Republic Bank Deal 

Further Listening:

-Banking Troubles Are Not Over 

-Two Executives On What It's Like to Stop a Bank Run 

Where to Listen