filmov
tv
Jamie Dimon on JPMorgan Acquisition of First Republic Bank
Показать описание
JPMorgan Chase & Co. agreed to acquire First Republic Bank in a government-led deal for the failed lender, putting to rest one of the biggest troubled banks remaining after turmoil engulfed the industry in March.
The transaction, announced in the early morning hours Monday after First Republic was seized by regulators, makes the biggest US bank even larger while minimizing the damage to the Federal Deposit Insurance Corp.’s guarantee fund. JPMorgan agreed to the takeover after private rescue efforts failed to fill a hole in the troubled lender’s balance sheet and customers yanked their deposits.
First Republic was the second-biggest bank failure in US history, and the fourth regional lender to collapse since early March.
“This is getting near the end of it, and hopefully this helps stabilize everything,” JPMorgan Chief Executive Officer Jamie Dimon said on a call with journalists Monday. Regional banks that reported first-quarter results in recent weeks “actually had some pretty good results,” the CEO said. “The American banking system is extraordinarily sound.”
--------
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
The transaction, announced in the early morning hours Monday after First Republic was seized by regulators, makes the biggest US bank even larger while minimizing the damage to the Federal Deposit Insurance Corp.’s guarantee fund. JPMorgan agreed to the takeover after private rescue efforts failed to fill a hole in the troubled lender’s balance sheet and customers yanked their deposits.
First Republic was the second-biggest bank failure in US history, and the fourth regional lender to collapse since early March.
“This is getting near the end of it, and hopefully this helps stabilize everything,” JPMorgan Chief Executive Officer Jamie Dimon said on a call with journalists Monday. Regional banks that reported first-quarter results in recent weeks “actually had some pretty good results,” the CEO said. “The American banking system is extraordinarily sound.”
--------
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
How Jamie Dimon Built Chase Into the U.S.’s Most Powerful Bank | WSJ
Jamie Dimon on JPMorgan Acquisition of First Republic Bank
Jamie Dimon on Capital One’s $35.3 billion Discover acquisition: ‘Let them compete’
JPMorgan CEO Jamie Dimon on 10 years after WaMu acquisition
When JPMorgan CEO Jamie Dimon Speaks, the World Listens | The Circuit
Jamie Dimon on Elon Musk and Twitter #Shorts
Jamie Dimon Has No Plans to Step Down as JPMorgan CEO Anytime Soon
JPMorgan CEO Jamie Dimon says the world needs big banks #bloomberg #shorts
What the First Republic Acquisition Means for JPMorgan
How JP Morgan Chase Became The Largest Bank In The US
Disney’s Bob Iger and JPMorgan Chase’s Jamie Dimon on Leadership
Jamie Dimon, Chairman, President, and CEO of JPMorgan Chase
JPMorgan CEO Jamie Dimon: I’m an American patriot #shorts
Be Cautious About SPACs Says JPMorgan's Dimon
JPM's Dimon Says European Banks Need Cross-Border Mergers
JPMorgan CEO Dimon Says, ‘Wouldn’t Even Try’ to Buy a European Bank
JPMorgan CEO Jamie Dimon on Inflation, Markets, Fed, China, India
Love Getting My Socialism Tips From Jamie Dimon!!
JPMorgan's Dimon Says Be Prepared for Higher Rates
JP Morgans FinTech Acquisition Strategy | All About Payments
Strassel on why JPMorgan Chase's acquisition of First Republic is good for the banking sector
What JPMorgan Chase's takeover of First Republic Bank means for customers, banking sector
JPMorgan CEO Jamie Dimon on state of the US economy, commercial real estate risks and AI hype
JPMorgan Chase: The history of the world's largest bank, in 2 minutes
Комментарии