TIME100 Most Influential Companies 2023: JPMorgan Chase

Jamie Dimon, billionaire and chief executive officer of JPMorgan Chase & Co., following a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, May 11, 2023.merica’s largest bank once again assumed the mantle of industry savior in May, stepping in to pay the FDIC $10.

6 billion for the remains of First Republic, theafter that of Washington Mutual—which JPMorgan bought at the height of the 2008 financial crisis. The new deal should sustain many First Republic branches and employees, though concerns remain about the long-term health of midsize banks, excess bank consolidation, and the reliance of the economy on one firm’s self-described “fortress balance sheet.” “This part of the crisis is over,” JPMorgan CEO Jamie Dimon assured investors.

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