JPMorgan's First Republic Deal and the Ongoing Banking Crisis.

JPMorgan Chase & Co's $10 billion financing of First Republic Bank in March was the start of a series of events that put JPMorgan and its CEO, Jamie Dimon, in a pivotal role in one of the most extraordinary US bank rescues of recent years. JPMorgan bought First Republic on Monday in a government auction, culminating weeks of failed rescue attempts and aborted discussions involving some of the most powerful Wall Street executives and US officials. The deal also raised fresh questions about the dangers of having banks that are too big to fail, the quality of regulatory oversight of the banking industry, and the Biden administration's resolve to keep corporations from becoming too powerful through deals.