{"id":85269,"date":"2023-07-11T02:20:28","date_gmt":"2023-07-11T06:20:28","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85269"},"modified":"2023-07-11T02:09:47","modified_gmt":"2023-07-11T06:09:47","slug":"the-american-banking-landscape-is-on-the-cusp-of-a-seismic-shift-expect-more-pain-to-come","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2023\/the-american-banking-landscape-is-on-the-cusp-of-a-seismic-shift-expect-more-pain-to-come.html","title":{"rendered":"The American banking landscape is on the cusp of a seismic shift. Expect more pain to come"},"content":{"rendered":"\n<p>(CNBC) The whirlwind weekend in late April that saw the country\u2019s biggest bank <a href=\"https:\/\/www.cnbc.com\/2023\/05\/01\/first-republic-bank-failure.html\">take over<\/a> its most troubled regional lender marked the end of one wave of problems \u2014 and the start of another. After emerging with the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.jpmorganchase.com\/ir\/news\/2023\/jpmc-acquires-substantial-majority-of-assets-and-assumes-certain-liabilities-of-first-republic-bank\" target=\"_blank\">winning bid<\/a> for First Republic, a lender to rich coastal families that had $229 billion in assets, <a href=\"https:\/\/www.cnbc.com\/quotes\/JPM\/\">JPMorgan Chase<\/a> CEO <a href=\"https:\/\/www.cnbc.com\/jamie-dimon\/\">Jamie Dimon<\/a> delivered the soothing words craved by investors after weeks of stomach-churning volatility: \u201cThis part of <a href=\"https:\/\/www.cnbc.com\/2023\/05\/01\/jamie-dimon-jpmorgan-first-republic.html\">the crisis<\/a> is over.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/07\/10\/american-banks-face-more-pain-huge-shift.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The whirlwind weekend in late April that saw the country\u2019s biggest bank take over its most troubled regional lender marked the end of one wave of problems \u2014 and the start of another. After emerging with the winning bid [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85269","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85269"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85269\/revisions"}],"predecessor-version":[{"id":85270,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85269\/revisions\/85270"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}