Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control

New York Times – In a story about JP Morgan acquiring First Republic Bank, Healthy Markets President and CEO Tyler Gellasch is quoted saying “Regulators view them as adults and business partners,” said Tyler Gellasch, president of Healthy Markets Association, a Washington-based group that advocates greater transparency in the financial system, referring to big banks like JPMorgan. “They are too big to fail and they are afforded the privilege of being so. Mr. Gellasch add that JPMorgan was likely to make a lot of money from the acquisition.” (Full Story).

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