The Fed's Role in Banking Turmoil and JPMorgan's Rescues.
TL;DR
The rescue of First Republic Bank by JPMorgan Chase has failed to calm concerns about the health of U.S. regional banks, as shares of regional lenders such as PacWest Bancorp and Western Alliance tumbled Tuesday. Despite having the ability to calm the banking turmoil, the Federal Reserve is not playing its ace.
Topics:businessfinance#banking-turmoil#federal-reserve#finance#first-republic-bank#jpmorgan-chase#regional-banks
- Fed Holds an Ace to Calm Banking Turmoil. Why It’s Not Playing It. Barron's
- How JPMorgan Became Banking's Regular Rescuer The New York Times
- The Fed Is Helping Too-Big-to-Fail Banks Become Bigger Bloomberg
- ObamaCare, Zombie Banks and JPMorgan - WSJ The Wall Street Journal
- Opinion: JP Morgan Chase CEO Jamie Dimon may be history's most important banker Crain's Chicago Business
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