First Republic Bank Bailout Part of Trend Towards Finance 'Oligopoly'

May 2nd 2023 12:10pm EDT

‘Big Four’ bank JPMorgan Chase has been named as the buyer for failing First Republic Bank. Economist, professor and consultant Mark Frost and Robert Hockett, a professor of law and public policy at Cornell University, warned that soon there would be only a handful of finance houses left in the US.

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