Why are big banks trying to save small banks?

The Financial Exchange Show - A podcast by The Financial Exchange Network

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Business

Mike Armstrong and Paul Lane wonder why Jamie Dimon, JPMorgan CEO, wants to save New First Republic and why big banks in general want to save small banks. How will Powell respond to the recent bank crisis at tomorrow's fed meeting? The US is studying ways to insure all bank deposits if this crisis continues. Will the FDIC get expanded? Lawrence Yun, NAR, joins the show to chat about the recent home sales data.