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Meaning JPM was also granted a new exemption to the 10% deposit cap in this acquisition? There are regulations[0] preventing banks with >=10% of US deposits to
by pearjuice 3y ago
Meaning JPM was also granted a new exemption to the 10% deposit cap in this acquisition? There are regulations[0] preventing banks with >=10% of US deposits to grow larger in size by acquiring other banks. Another win for TBTF theorists.
[0] https://corpgov.law.harvard.edu/2018/05/29/regulatory-reform-should-spur-consolidation/ https://corpgov.law.harvard.edu/2018/05/29/regulatory-reform...
- skinnymuch 3y agoA win for anti-capitalist theorists as well.
- once_inc 3y agoDon't forget the cryptocurrency adherents..