March 9th, 2024
NPR Weekend Edition recently published an article featuring Mark Williams, Master Lecturer of Finance discussing the consolidation of banks, particularly highlighting JPMorgan Chase as the largest among them.
With 80 million customers and trillions of assets, JPMorgan has become a market leader in various financial sectors, extending beyond traditional banking.
“It’s playbook of success has really been based on its ability to sit on the sidelines, wait for a banking crisis – sort of like a great white shark – swoop in quickly, seek strong government concessions and then buy these assets at cheap prices,” Williams adds.
The bank’s growth has been facilitated through acquisitions, raising concerns about the potential risks associated with its size.
