New York | Washington | When a package of emergency measures following the failure of Silicon Valley Bank failed to stop the plunge in US regional banking stocks this week, Washington’s officials turned to Jamie Dimon, the last remaining veteran of the 2008 banking crisis still heading a large lender.

Over multiple phone calls on Tuesday, US Treasury secretary Janet Yellen, Federal Reserve chairman Jerome Powell and JPMorgan’s Mr Dimon discussed the idea of bringing the nation’s biggest lenders together to help bolster confidence in the financial system, several people with knowledge of the conversations told the Financial Times.

Financial Times