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by pearjuice 1138 days ago
Meaning JPM was also granted a new exemption to the 10% deposit cap in this acquisition? There are regulations[0] preventing banks with >=10% of US deposits to grow larger in size by acquiring other banks. Another win for TBTF theorists.

[0] https://corpgov.law.harvard.edu/2018/05/29/regulatory-reform...

1 comments

A win for anti-capitalist theorists as well.
Don't forget the cryptocurrency adherents..