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bigredfish

bigredfish

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and First Republic is gasping for air...

First Republic Bank Shares Crash To New Record Low, JPM's Dimon Reportedly Leading Another Rescue Effort
First Republic Bank Shares Crash To New Record Low, JPM's Dimon Reportedly Leading Another Rescue Effort | ZeroHedge


Having dumped $30 billion of deposits into First Republic Bank last week, and the bank then being rumored to be pushing for a capital raise, The Wall Street Journal reports that JPMorgan CEO Jamie Dimon is leading discussions with the chief executives of other big banks about fresh efforts to stabilize the troubled regional.

Among the options on the table, the people said, is an investment in First Republic by the banks themselves.

The plan could involve the banks converting some or all of the $30 billion in deposits into a capital infusion, some of the people said.



FRC shares are down over 45% this morning at a new record low...



As a reminder, the San Francisco-based bank’s customers have withdrawn some $70 billion since the collapse of Silicon Valley Bank earlier this month, The Wall Street Journal previously reported.


https://twitter.com/zerohedge/status/1636428881019191304?s=20
 
Ssayer

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Heh, have you walked around other people in public? Their heads are usually buried in their phones. The populace is already controlled...
 
bigredfish

bigredfish

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bigredfish said:
and First Republic is gasping for air...

First Republic Bank Shares Crash To New Record Low, JPM's Dimon Reportedly Leading Another Rescue Effort
First Republic Bank Shares Crash To New Record Low, JPM's Dimon Reportedly Leading Another Rescue Effort | ZeroHedge


Having dumped $30 billion of deposits into First Republic Bank last week, and the bank then being rumored to be pushing for a capital raise, The Wall Street Journal reports that JPMorgan CEO Jamie Dimon is leading discussions with the chief executives of other big banks about fresh efforts to stabilize the troubled regional.

Among the options on the table, the people said, is an investment in First Republic by the banks themselves.

The plan could involve the banks converting some or all of the $30 billion in deposits into a capital infusion, some of the people said.



FRC shares are down over 45% this morning at a new record low...



As a reminder, the San Francisco-based bank’s customers have withdrawn some $70 billion since the collapse of Silicon Valley Bank earlier this month, The Wall Street Journal previously reported.


Click to expand...

It aint over...

First Republic Shares Plunge After-Hours As Restructuring Plans Fizzle | ZeroHedge
 
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