Finance

There Was Really Just One Bank That Could Rescue First Republic

Only JPMorgan had the money, expertise—and Jamie Dimon.

Photo illustration: 731; Photo: Getty Images

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Hannah Levitt and Jennifer Surane

May 4, 2023 at 9:00 AM UTC

This article is for subscribers only.

This article is part of the May 8, 2023 issue of businessweek.

It’s Jamie Dimon again.

Famously the “last man standing” after the 2008 financial crisis, the JPMorgan Chase & Co. chief executive officer stuck around long enough to emerge victorious from the next mess. The government has ended up leaning on him even though it made the biggest US bank even bigger overnight.