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Is JPMorgan Chase Bank Helping the Banking Industry or Itself?
Ones and Tooze
The Advantages of JP Morgan's Acquisition of Wells Fargo
JP Morgan is banned from simply buying other banks in the United States. The FDIC was able to give JP Morgan the nod to acquire and pick up this bank. In the end, if you look into the details of this deal, it's pretty clear that this was substantially on net to the advantage of JP Morgan.
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