“Our government invited us and others to step up, and we did,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase. “Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund.”
Dimon added, “This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise.”
Royal This is the facsimily of the final purchase of Washington Mutual Bank. This should not be confused with the remote assets approx 800 Bil of remote assets that also must be claimed by retail legacy stock. IMO
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