What the First Republic deal means for America’s banks
Regulators had to make it sweet enough for JPMorgan Chase to bite
“Life isn’t knights on horseback,” Logan Roy, boss of Waystar Royco, a media conglomerate, and lead character of “Succession”, a television drama, tells his son Kendall. He is warning his offspring that life is not about heroes. “It’s a number on a piece of paper. It’s a fight for a knife in the mud.”
This article appeared in the Finance & economics section of the print edition under the headline “Knights off horseback”
Finance & economics May 6th 2023
From the May 6th 2023 edition
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Europe could be torn apart by new divisions
The continent is at its most vulnerable in decades
How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
An American purchase of Greenland could be the deal of the century
The economics of buying new territory
China’s markets take a fresh beating
Authorities have responded by bossing around investors
Can America’s economy cope with mass deportations?
Production slowdowns, more imports and pricier housing could follow
Would an artificial-intelligence bubble be so bad?
A new book by Byrne Hobart and Tobias Huber argues there are advantages to financial mania