Is JPMorgan Chase Bank Helping the Banking Industry or Itself?
Ones and Tooze
00:00
The FDIC's Datarim: A Process of Negotiation
In the last week of April, it became clear that something had to be done for First Republic. The FDIC invited bids from, I think, a dozen banks altogether. In the end, there were only three major contenders: JP Morgan, PNC and citizens. It's out of that that JP Morgan really emerged as the clear winner.
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