[jyl]

There were supposedly multiple banks bidding, but JPM won. That's interesting because JPM already has over 10% of the country's deposits and is prohibited from getting larger (in deposits) without special permission. Something caused the Fed/FDIC to grant that special permission. Either JPM's bid was much better than the other bids (could be price bid, or scope of what JPM was willing to take), or other banks saw something that caused them to drop out, or there is something tricky enough here that Fed wanted the strongest bank in the country to deal with it.