JPMorgan Chase Bank Assumes All the Deposits of First Republic Bank
What I find interesting is that a lot of people are pointing to this and getting worried because these bank failures are the largest since the GFC. But aren&#x27;t we actually so far seeing the opposite of what we should be worried about. In the GFC the problem that this all became a disorderly collapse. But so far this has seemed... pretty orderly? No depositors have been wiped out, no contagion has spread. Sure, equity holders got wiped out, but that&#x27;s what equity holders are risking in return for their higher expected returns. It&#x27;s difficult to celebrate &quot;well things haven&#x27;t completely blown up so far&quot;... but, well, it&#x27;s possible that this particular problem is actually being handled in a better way than last time.