Fed Expands Its Span Of Control Over US Banks – OpEd

“First Republic Seized, Sold to JPMorgan,” reads the headline on page A1 of May 2’s Wall StreetJournal. First Republic’s collapse—the second largest bank failure in U.S. history, according to the story’s authors, Rachel Louise Ensign and Ben Eisen—quickly lost half of its deposits ($100 billion) in the wake of...