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Jamie Dimon Says ‘This Part of Crisis Over’ After First Republic Purchase. JPMorgan Stock Rises.

Por: MarketWatch Business May 01, 2023

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The buyout marks the end of the latest chapter of turmoil in the banking sector after Silicon Valley Bank and others collapsed in March. JPMorgan CEO Jamie Dimon said the banking system was stable and that most lenders don’t have the exposure to uninsured deposits that First Republic did. “This part of the crisis is over,” Dimon said. “For now, let’s take a deep breath.” President Joe Biden said U.S. regulators’ actions “are... + full article



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