Regional banks like Pacwest, Western Alliance are getting hammered.
Major banks are trending lower too eg Bank of America, JPMorgan, Goldman
Market got spooked by First Republic’s failure? Just wondering, when Fed maintains the interest at such high rate for a prolonged period of time, will we see more collapses in regional banks?
Food for thought.
$Bank of America(BAC.US)$ $First Republic Bank(FRC.US)$ $Morgan Stanley(MS.US)$ $JPMorgan(JPM.US)$ $Goldman Sachs(GS.US)$ $Wells Fargo & Co(WFC.US)$ $Citigroup(C.US)$ $Silvergate Capital(SI.US)$ $Spdr S&P Bank Etf(KBE.US)$ $Financial Select Sector SPDR Fund(XLF.US)$ $USD(USDindex.FX)$ $iShares 20+ Year Treasury Bond ETF(TLT.US)$ $U.S. 10-Year Treasury Notes Yield(US10Y.BD)$ $U.S. 2-Year Treasury Notes Yield(US2Y.BD)$ $PacWest Bancorp(PACW.US)$ $Western Alliance Bancorp(WAL.US)$ $PacWest Bancorp(PACW.US)$ $Invesco Kbw Regional Banking Etf(KBWR.US)$ $Spdr Series Trust S&P Regional Bkg Etf(KRE.US)$ $SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Metropolitan Bank(MCB.US)$ $...

$First Republic Bank(FRC.US)$ I think we are going to see this more often, the bank declares bankruptcy and the government guarantees the 250,000 to the depositors but on the other side where there are also billions with the investors they freeze it and keep them

$第一共和银行(FRC.US)$ You can continue OTC trading on this platform, but the price is greatly discounted

$First Republic Bank(FRC.US)$
bunch of highly paid fools

$第一共和银行(FRC.US)$ Highlights of J.P. Morgan's acquisition of First Republic Bank include:
1) Acquisition of most of First Republic Bank's assets, including approximately $173 billion in loans and approximately $30 billion in securities;
2) Underwrite approximately $92 billion in deposits, including $30 billion in large bank deposits, which will be repaid or written off after the transaction is completed (of which J.P. Morgan will reimburse $25 billion in large Bank of America deposits and write off $5 billion in deposits during the merger), and $28 billion in Federal Home Loan Bank (FHLB) loans.
3) The Federal Deposit Insurance Corporation (FDIC) will provide a loss sharing agreement covering the purchased single-family residential mortgage (80% loss, seven years guarantee) and commercial loans (80% loss, five-year guarantee), and the FDIC will provide it with 50 billion US dollars of five-year fixed interest financing.
4) J.P. Morgan does not reimburse First Republic Bank's corporate bonds or preferred shares.
5) J.P. Morgan Chase will pay $10.6 billion to the Federal Deposit Insurance Corporation (FDIC).

$First Republic Bank(FRC.US)$ so which regional bank is next? The big banks will swallow the small ones in couple of weeks ir months.

$First Republic Bank(FRC.US)$ good riddance bank the play stupid games to win stupid prices deserve to go out of business

$First Republic Bank(FRC.US)$ sold for 10.6billion so stock price should worth how much ? 57.6?

$第一共和银行(FRC.US)$ What about the money inside of us? It's no longer possible to trade,
Quietly wait for JP Mogan to bid to buy common stock. However, preferred shares have returned to zero.