US Stocks Fluctuate as JPMorgan Acquires Seized First Republic Bank Amid Regulatory Intervention
US stock indexes began mixed trading after JPMorgan Chase & Co announced on Monday that it had won the auction to acquire First Republic Bank. The bank’s acquisition came after regulators seized the San Francisco-based lender, marking the third failure of an American bank in just two months. Following the news, the Dow Jones Industrial […]
Jamie Dimon Debunks Myth: Looser Regulations Didn’t Trigger Bank Failures, JPMorgan CEO Says
JPMorgan Chase & Co. JPM CEO Jamie Dimon said a rollback of banking regulations during the Trump administration was not to blame for the current banking crisis, in part two of an interview with CNN. Dimon said U.S. senators that have pointed to the banking changes as a factor in the blow-up of Silicon Valley […]