JPMORGAN CHASE BANK, N.A., Successor in Interest by purchase from the Federal Deposit Insurance Corporation, as Receiver for Washington Mutual Bank, f/k/a Washington Mutual Bank | Search

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Sheila Bair
It’s time to rethink the FDIC approach to bank rescues
...There are also social costs when the Federal Deposit Insurance Corporation is forced, by law, to sell failed banks to multi-trillion-dollar mega banks who can offer a better price than smaller bidders....
March 11, 2024
JPMorgan Chase & Co
JPMorgan takes almost a fifth of total US bank profits
...It covers profits from subsidiaries with Federal Deposit Insurance Corporation-insured deposits, and includes JPMorgan’s earnings from commercial and retail banking, and parts of its investment banking and...
December 27, 2023
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
The FT ViewThe editorial board
The collapse of First Republic Bank
...Sharing First Republic’s loan losses with JPMorgan will limit the costs to the Federal Deposit Insurance Corporation to $13bn....
May 2, 2023
Unhedged
Bank runs are different now Premium content
...(Armstrong & Wu) The FDIC’s $50bn loan to JPMorgan As we noted yesterday, JPMorgan’s purchase of First Republic was funded in part by a $50bn fixed rate, five-year loan from the FDIC....
May 3, 2023
First Republic
Veteran of 1980s banks crisis hits out at sale of First Republic to JPMorgan
...After San Francisco-based First Republic suffered a $100bn deposit run, the Federal Deposit Insurance Corporation solicited bids from multiple banks before selling most of the assets to JPMorgan, the largest...
May 4, 2023
Banks in turmoil
JPMorgan to acquire First Republic’s deposits as US regulators step in
...“The whole world knew it was available, and no one bought it,” he said. The only bigger bank failure in US history was the collapse of Washington Mutual in 2008....
May 1, 2023
FT Live
Strategies for Trading Interest Rate Volatility
Understanding the rate environment and capitalising on fluctuations
Thursday, 20 June71 Basinghall Avenue, London EC2V, UK
First Republic
US regulator asks banks including JPMorgan and PNC to bid for First Republic
...If San Francisco-based First Republic is taken over by the FDIC, it would rank among the biggest bank failures in US history, alongside Washington Mutual in 2008 and SVB....
April 30, 2023
Inside BusinessPatrick Jenkins
The fast-growing kingdom of Jamie Dimon
...The Federal Deposit Insurance Corporation, which manages US bank failures and administered the First Republic transaction, made clear JPMorgan had won the deal ahead of other bidders, essentially thanks...
May 8, 2023
The Big Read
JPMorgan: the bank that never lets a crisis go to waste
...JPMorgan is now the largest bank in the US by assets, deposits and market capitalisation, with Chase bank branches in 48 states....
May 5, 2023
FirstFT
FirstFT: US banks to report biggest jump in loan losses since pandemic
...SVB Financial Group has sued the US Federal Deposit Insurance Corporation in a bid to recover $1.9bn in cash that the regulator has kept since it took over the group’s banking subsidiary in March....
July 10, 2023
FirstFT
FirstFT: The second-biggest bank failure in US history
...However, the Federal Deposit Insurance Corporation estimated that losses to its insurance fund would be about $13bn....
May 1, 2023
Banks in turmoil
How Jamie Dimon swooped on the remains of First Republic
...By Wednesday, the Federal Deposit Insurance Corporation was asking roughly a dozen banks for informal bids, including what buyers would be willing to pay for First Republic’s deposits and assets, and what...
May 1, 2023
Silicon Valley Bank
Silicon Valley Bank shut down by US banking regulators
...The regulator historically has sought to merge failed lenders with a larger and more stable institution. Washington Mutual, for example, was sold to JPMorgan Chase....
March 10, 2023
Due Diligence
The $42bn bank run that sunk Silicon Valley Bank Premium content
...They held large deposits that were beyond the Federal Deposit Insurance Corporation’s guarantees, and were prone to leave at a sign of trouble — $151bn of the bank’s $173bn of its deposits were uninsured...
March 11, 2023
The Big Read
Lex in depth: how safe are America’s regional banks?
...The screen The US Federal Deposit Insurance Corporation covers more than 4,200 commercial banks, or one lender per 80,000 citizens....
March 31, 2023
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
Due Diligence
First Republic threatens to be the SVB of Wall Street Premium content
...But their large deposits exceeded the Federal Deposit Insurance Corporation’s insurance limits and were susceptible to flight....
April 28, 2023
Banks in turmoil
First Republic hit by succession crisis before Fed began raising rates
...Its interest expense shot up 10-fold, to $525mn in the last three months of 2022, from just under $50mn a year earlier, data from the Federal Deposit Insurance Corporation shows....
March 24, 2023
Silicon Valley Bank
‘It is not cut-throat like Goldman Sachs’: SVB’s culture in focus
...SVB, through its receiver the Federal Deposit Insurance Corporation, declined to comment....
March 16, 2023
Leon Black
Leon Black’s downfall confounds the legacy of #MeToo on Wall Street
...After spending the early part of his career defending corporations from sexual harassment lawsuits, Wigdor began displaying the same distaste for hierarchy that drove Black....
November 22, 2023
Due Diligence
Twitter gets Musked, again Premium content
...The firm is opening a new office in Washington with former leaders of the Federal Deposit Insurance Corporation and the US Securities and Exchange Commission in a bid to take on more government and regulatory...
June 7, 2022
ExplainerFederal Reserve
How the Federal Reserve has moved to support the financial system — explained
...Under the Federal Reserve Act, the Fed would need consent from the Treasury department to buy financial assets it does not usually purchase, such as commercial paper....
March 16, 2020
ReviewEconomics books
Firefighting — Bernanke, Geithner and Paulson reflect on the financial crisis
...That is Sheila Bair, the chair throughout the crisis of the Federal Deposit Insurance Corporation — the agency President Franklin Delano Roosevelt created to wind up failed US retail banks while guaranteeing...
July 9, 2019
Special ReportFT Transform
Digital bank Simple poaches Amazon exec for top job
...of less than 0.1 per cent for deposits according to data from the Federal Deposit Insurance Corporation....
November 11, 2018
US & Canadian companies
Top US regulator backs Trump’s Glass-Steagall push
...In a speech on Monday, Thomas Hoenig, vice-chairman of the Federal Deposit Insurance Corporation, threw his weight behind the idea of separation, saying that universal banks should set up standalone holding...
March 13, 2017
US & Canadian companies
Citigroup’s drop in branch rankings highlights move upmarket
...Citi ranked 16th by number of branches in the US with 756 at the end of June last year, according to data from the Federal Deposit Insurance Corporation, putting it in a peer group with Huntington Bancshares...
April 2, 2017

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