What JPMorgan is getting out of the First Republic deal
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 1 May 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
Banking giant JPMorgan Chase is taking over the failed First Republic Bank, but not without some guarantees. Turns out the deal was sweetened by the FDIC agreeing to be responsible for certain First Republic losses. Plus, what small banks are making of the turmoil. Then, FTC Chair Lina Khan on AI regulation and taking on powerful companies.
Transcript
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