JPMorgan, PNC Bid to Buy First Republic as Part of FDIC Takeover

The Wall Street Journal2023-04-29

Seizure and sale of First Republic could come as soon as this weekendFirst Republic Bank customers pulled around $100 billion in deposits in a matter of days. PHOTO: LOREN ELLIOTT/REUTERSBig banks ...

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Comments

  • LTKalien
    2023-04-29
    LTKalien
    Blood in the water, here comes the shark. FDIC takes over all the toxic debts, American tax payers pays for those. Not so great for First Rep shareholders and maybe put options holders' too. 
  • Swordmerlin
    2023-04-29
    Swordmerlin
    Ok
  • LSLi
    2023-04-29
    LSLi
    wow
  • druvaciam
    2023-04-29
    druvaciam
    What price they will pay for stocks? Will it go to $0?
    • paul55555
      Probably something similar to UBS paying for credit Suisse. A token amount
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