Replies

To: Presbyterian Reporter

One year ago folks were buying First Republic Bank for—

$174.21 03/22/2022

Chalk up another mess to Biden’s “I did that.” regime.

2 posted on 03/20/2023 9:27:29 AM PDT by Presbyterian Reporter

To: Presbyterian Reporter

DJ JPMorgan CEO Jamie Dimon Raising More Support For First Republic: WSJ — MarketWatch
12:18 PM ET 3/20/23 | MarketWatch

JPMorgan Chase & Co. (JPM) CEO Jamie Dimon is working to raise additional capital for First Republic Bank (FRC), The Wall Street Journal reported at midday. Citing sources familiar with the situation, the WSJ said Dimon is leading banks in a fresh campaign to shore up First Republic Bank. Eleven banks last week placed $30 billion in deposits with First Republic, but the bank still reported lower deposits late Thursday. Discussions are underway to find ways to convert the $30 billion in deposits into a capital raise, the report said. First Republic stock was paused for trade after losing 37% of its value after S&P downgraded the company’s debt to B+ over the weekend for the second time in less than a week.

5 posted on 03/20/2023 9:32:29 AM PDT by Presbyterian Reporter

To: Presbyterian Reporter

$174.21 down to $12.71?

Yikes 😳

12 posted on 03/20/2023 10:33:32 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)

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