Jamie Dimon

After JPMorgan's First Republic takeover, no further large US bank failures will follow from the 2023 regional-bank crisis, at most another smaller one.

“There may be another smaller one, but this pretty much resolves them all,”

Said on

1 May 2023 · Analyst call after JPMorgan acquired First Republic; no window given, read as about one year

Source

'Other problems might be lurking': Strategist is unconvinced by Jamie Dimon's bank crisis comments · CNBC

Should come true

2024

How sure they sounded

pretty much; added "This part of the crisis is over."

Categories

BankingEconomy

Importance

3 of 5 · Whether the 2023 bank run spread mattered to the US financial system.

Outcome

Accurate

No more large bank failures followed in the year after First Republic. The only US failures were much smaller banks (e.g., Heartland Tri-State in July 2023 and Citizens Bank of Sac City in November 2023), as his "there may be another smaller one" allowed.

Evidence:

• https://www.fdic.gov/bank-failures/failed-bank-list