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Is JPMorgan Chase Bank Helping the Banking Industry or Itself?

Ones and Tooze

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The Role of National Allegiances in Economic Crisis

No one even came upon the thought of a Chinese bank coming into, you know, to save one of these ailing banks and I guess the same goes vice versa. It does also raise the question whether at moments of economic crisis, the kind of national allegiances themselves play a role. For a Chinese bank to step in would be a whole different kettle of fish, I think, in geopolitical terms. No, there isn't an openness to international restructuring at moments like this.

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