• 53
  • 4
  • Favorite

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 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment4

  • LTKalien
    ·2023-04-29
    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. 
    Reply
    Report
  • Swordmerlin
    ·2023-04-29
    Ok
    Reply
    Report
  • LSLi
    ·2023-04-29
    wow
    Reply
    Report
  • druvaciam
    ·2023-04-29
    What price they will pay for stocks? Will it go to $0?
    Reply
    Report
    Fold Replies
    • paul55555
      Probably something similar to UBS paying for credit Suisse. A token amount
      2023-04-29
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial