{"id":187174,"date":"2023-03-22T12:00:00","date_gmt":"2023-03-22T16:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=187174"},"modified":"2023-03-22T11:53:28","modified_gmt":"2023-03-22T15:53:28","slug":"banking-on-jpmorgan","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/banking-on-jpmorgan\/","title":{"rendered":"Banking On JPMorgan"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-s-going-on\">What&#8217;s going on?<\/h2>\n\n\n\n<p>JPMorgan continued its long tradition of riding to the&nbsp;<a href=\"https:\/\/uk.news.yahoo.com\/jpmorgan-chief-dimon-leading-talks-161354043.html\">rescue<\/a>&nbsp;of the embattled banking sector.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-does-this-mean\">What does this mean?<\/h2>\n\n\n\n<p>A series of poor decisions and a stampede of frenzied withdrawals sparked a financial disaster: that\u2019s not the story of the current banking turmoil, it\u2019s how the 1907 financial crisis played out. Back then, a group of influential Wall Street titans swooped in to save the banking system, spearheaded by none other than John Pierpont Morgan. Fast forward 116 years, and it\u2019s JPMorgan heading up yet another financial rescue mission. This time the firm has rallied its Wall Street comrades to extend a $30 billion lifeline to First Republic Bank, an institution caught in the eye of the current financial storm.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-should-i-care\">Why should I care?<\/h2>\n\n\n\n<p><strong><em>Zooming in:&nbsp;<\/em><\/strong><em>Ulterior motives.<\/em><\/p>\n\n\n\n<p>JPMorgan\u2019s CEO Jamie Dimon is a businessman first and foremost \u2013 so you can be sure he\u2019s not getting involved out of the kindness of his heart. He could be intervening to keep the bank alive long enough to take its clients. (First Republic&nbsp;<em>does<\/em>&nbsp;have a nice roster of high-flying customers). Or he might be genuinely worried about a spillover: after all, even smaller banks can create shockwaves strong enough to shake the behemoths.<br><br><strong><em>The bigger picture:&nbsp;<\/em><\/strong><em>A $20 trillion problem.<\/em><\/p>\n\n\n\n<p>Financial pundits seem to have a one-size-fits-all solution to the banking blues: just have the Federal Reserve (the Fed) whip out a blank check, guaranteeing all bank deposits everywhere in the US. And sure, the mere promise alone could very well slam the brakes on withdrawals \u2013 possibly sparing the Fed from coughing up a single penny. Thing is, there\u2019s almost $20 trillion in US bank deposits nationwide. And while the chances of everyone rushing to yank their cash out are virtually zilch, in a world of wild hypotheticals, it could happen \u2013 and not even Uncle Sam has pockets deep enough to cover that. <\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted March 21, 2023 &#8211; <a href=\"https:\/\/go.finimize.com\/wp\/news\/banking-on-jpmorgan\/\">Banking On JPMorgan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan continued its long tradition of riding to the\u00a0rescue\u00a0of the embattled banking sector.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[14980,14920,14979,5007],"contributors-categories":[13597],"class_list":{"0":"post-187174","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-securities","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"tag-bank-collapse","13":"tag-bank-sector","14":"tag-first-republic-bank","15":"tag-jp-morgan","16":"contributors-categories-finimize"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Banking 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