Between the Paris climate deal and the end of 2021 JP Morgan provided $ 382 billion in fossil funding. Quite aside from this discussion about banks as institutions of the American Republic, there is the domain of macroeoconomics in which we endlessly ruminate over Fed interest rate policy and (to a much lesser degree right now) the fiscal stance. This is the churning daily conversation in financial markets, especially fixed income markets, which are driven by concerns for inflation, rates and yield curves. JP Morgan's data serve as key indicators of the state of the Treasury market. This macroeconomic conversation connects to the banking crisis by way of the impact of the interest rate shock on the balance sheets of badly managed banks like SVB and First Republic, at which moment JP Morgan enters the story as the White Knight.