--- description: Find out why JPMorgan Chase was selected for the list title: TIME100 Most Influential Companies 2023: JPMorgan Chase image: https://static.time.com/v3/assets/bltea6093859af6183b/blt5d6c882fdda9f1fa/698a3dca47ca3863b13badae/time100-companies-JPMorgan-Chase-2023.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- Jun 21, 2023 # JPMorgan Chase Big banking by Don Steinberg  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. 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.Cyril Marcilhacy—Bloomberg/Getty Images America’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, the [largest bank failure in U.S. history](https://time.com/6276063/money-safe-first-republic-bank/ "undefined") after 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. “For now, everyone should just take a deep breath.” --- ### More from TIME --- _A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders._ [_Join the Leadership Brief_](https://cloud.newsletters.time.com/signup?nln=leadership&source=100companies "undefined"). ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-companies-2023/6285182/jpmorgan-chase/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-companies-2023/6285182/jpmorgan-chase/"},"headline":"JPMorgan Chase","datePublished":"2023-06-21T10:55:40.000Z","dateModified":"2026-03-03T00:15:54.382Z","description":"","url":"https://time.com/collections/time100-companies-2023/6285182/jpmorgan-chase/","keywords":["TIME100 Companies"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt5d6c882fdda9f1fa/698a3dca47ca3863b13badae/time100-companies-JPMorgan-Chase-2023.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"TIME Staff","jobTitle":null,"url":"https://time.com/author/time-staff/"}],"creator":"TIME Staff","articleSection":"","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt5d6c882fdda9f1fa/698a3dca47ca3863b13badae/time100-companies-JPMorgan-Chase-2023.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://time.com/collections/time100-companies-2023/6285182/jpmorgan-chase/","name":"JPMorgan Chase"}}]},{"@context":"https://schema.org","@type":"VideoObject","name":"TIME100 Most Influential Companies: Major League Baseball","description":"Find out why Major League Baseball was selected for the list","thumbnailUrl":"https://cdn.jwplayer.com/v2/media/exo2aGkm/poster.jpg?width=720","uploadDate":"2023-06-21T11:00:00.000Z","contentUrl":"https://cdn.jwplayer.com/manifests/exo2aGkm.m3u8","embedUrl":"https://time.com/collections/time100-companies-2023/6285182/jpmorgan-chase/","duration":"PT3M32S","potentialAction":{"@type":"SeekToAction","target":"https://time.com/collections/time100-companies-2023/6285182/jpmorgan-chase/?jw_start={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"}}] ```