Banks tosses First Republic Lifeline with Yellen, Dimon’s cajoling

Jamie Dimon and Janet Yellen were in conversation Tuesday when she floated an idea: What if the nation’s largest lenders paid billions of dollars to First Republic Bank, the latest company to be pushed to the brink by depositor panic.

Dimon was game – and soon CEO of JPMorgan Chase & Co. reached out to the heads of the next three largest US lenders: Bank of America Corp., Citigroup Inc. and Wells Fargo & Co.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
%d bloggers like this: