Buyers of distressed US banks need better FDIC protections

摘要

The long-running dispute between JP MORGAN and the Federal Deposit Insurance Corporation over the 2008 acquisition of Washington Mutual could have a lingering impact on the regulator's ability to manage the next banking crisis. JP Morgan settled up with the FDIC this month, with the bank receiving US$645m in cash from the estate of Washington Mutual Bank, for which the FDIC acts as a receiver. The agreement comes just a month before the eight-year anniversary of the collapse of WaMu.