05.04.2023 - By Marketplace
The shares of multiple regional banks slid today amid new tremors in the industry following the collapse of First Republic. But bank failures and consolidation are actually somewhat normal. So what’s a regional bank to do? And what are investors and depositors to make of all this? Then, how JPMorgan CEO Jamie Dimon became a banking industry heavyweight and why a bump in Federal Deposit Insurance Corp. coverage seems unlikely right now.