History is always surprisingly similar - Wall Street banks deposited US$30 billion into First Republic Bank, symbolizing Wall Street's internal self-rescue. This is undoubtedly a repeat of JP Morgan's bailout a hundred years ago.
This time, it is not one person, but three people who are leading the self-rescue: U.S. Treasury Secretary Janet Yellen, Federal Reserve Chairman Jay Powell, and the only person who has experienced The veteran who is still in the leadership position of a large bank after 2008 is the current chairman and CEO of JPMorgan Chase, Jamie Dimon.
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