Quote:
Originally Posted by fisher22
And just like that it is ok for a bank to go over 10% US deposits. I don't necessarily disagree with that, but it's interesting.
JPM is a powerhouse and they know what's going on in the economy before anyone else.
That's why every quarterly earnings season, they report in the first group. Also, we probably don't want to mess with them. At one point they bailed out the US Government. Some say they saved the country.
https://historydaily.org/panic-of-1893 |
Don't tell that to Charlie Javice...
https://nypost.com/2023/05/04/frank-ceo-charlie-javice-in-plea-talks-over-alleged-jpmorgan-fraud/