5.01.2023

Pays to be JP

First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase


Eighty-four branches in eight states.

I do a little (an extremely little) business with JP Morgan and I always think of him as a craggy old guy in a tricorne hat, with a peg leg and a long brass spyglass tucked under his arm.

Maybe that image is dated. He's probably got himself a nice homburg by now.

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