I spoke with the Financial Times on JPMorgan’s takeover of First Republic as a public service.
Others are far less sanguine. Warren argued that the Office of the Comptroller of the Currency, which had to sign off on the deal because it is JPMorgan’s primary regulator, should have refused to do so.
Former FDIC chair Bill Isaac says that while he credited JPMorgan for doing “a great public service”.
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