Deregulation has allowed lenders to operate across state lines, making it easier for banks to merge when they’re in trouble.
Short selling’s legal. Misrepresenting a firm’s finances for profit isn’t.
Emily Flitter of The New York Times explains how the head of JPMorgan became one of the key people trying to shore up the banking system.
Larger lenders and regulators step in for the good of the overall banking system. But confidence among depositors is key.
But it needs Congress’s blessing.
Three major bank failures in two months. What happened to all those regulations?
These mortgages were key to the economic climate that led to the 2008 financial crisis. First Republic had a lot of them.
New regulation and industry consolidation will be key. Loans may be scarcer for new businesses and in low-income and rural communities.
JPMorgan acquired First Republic’s assets and customers, but also a lot of outstanding debt.
For one, the Federal Deposit Insurance Corp. will absorb much of First Republic’s losses. Then, Federal Trade Commission Chair Lina Khan on regulating artificial intelligence and taking on some of the biggest companies in our economy.