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.
JPMorgan, PNC Bid to Buy First Republic as Part of FDIC Takeover
The Data coming out on Friday, pre date the SVB crisis. I certainly hope various analysts can see this, and do not take the easy route of lumping such sensational news together. Although sensational news do sells easier, just try to be truthful.
New Jobs Data Could Decide the Fed’s Next Move. What to Expect
So the new CEO will need to seek advice or orders from the chief technology officer? Sound like a CEO of public relations. Time to gives Twitter a softer image, good luck!
Elon Musk Says He’s Stepping Down as Twitter’s CEO