When U.S. regulators find themselves with a banking emergency on their hands, they know who to call: the House of Morgan.
From the Panic of 1893 to the panic of 2023, the bank founded by John Pierpont Morgan Sr. has been solicited to lead the rescue whenever the American financial system has faced existential episodes. The bailout of
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CEO Jamie Dimon on Thursday is just the latest example.
Source: https://www.barrons.com/articles/banking-emergency-jpmorgan-852111ce?siteid=yhoof2&yptr=yahoo