JPMorgan Chase's Size Sparks Concerns Among Analysts and Investors

The Federal Deposit Insurance Corp. (FDIC) suggests a larger limit for certain business accounts might have advantages after First Republic Bank collapsed this weekend. All the bank's deposits, and most of its assets, were sold to JPMorgan Chase. Tomas Philipson, former acting chairman of the White House Council of Economic Advisers, discusses the risks of JPMorgan Chase becoming even bigger after it took over First Republic Bank. He believes that too big to fail policies are increasing concentration in the banking sector, leading to lower deposit rates and higher interest rates on loans.