The Washington PostThe Washington Post

After Dimon's First Republic purchase, tougher U.S. banking regulations loom

By David J. Lynch

10 May 2023 · 6 min read

Editor's Note

To avoid another bank run, US regulators will soon force major lender to increase their capital reserves, the Post reports. However prudent the measures, don't be surprised if there's some pushback

When regulators earlier this month needed someone to take the failed First Republic Bank off their hands, they chose Jamie Dimon, the chief executive of JPMorgan Chase, putting him in position to boost his company's annual profits by half a billion dollars.

That may be the last thing they do that makes Dimon happy.

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