JPMorgan Chase needed to conquer the bad taste left by the offers it made with the federal government in the last monetary crisis. Regulators needed to conquer their hostility to assisting make the country’s greatest bank even larger. All of the above needed to battle with the perverse signal that streams from being much more crosswise with a deposit-insurance system that isn’t expected to secure more than $250,000 per depositor.
The reachiness of Sunday’s assisted takeover of First Republic just highlights the certification developed into Jamie Dimon’s declaration on Monday that “ this part of the crisis is over.”