FRC -is deal with JP Morgan Chase a done deal

or has JPM discovered negatives about FRC while going through the books or is JPM playing hardball before signing off or are speculators/traders just playing around with stock or none of the above?

 

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DONT know.
One solution is divide the bank in 3 parts+ get rid of all the managers that failed it.Sell it.
Will JPM buy it, dont know\ not likely .
J Dimon reportedly said if he could go back in time , he would not buy Bear Stearns again .
On a sarcastic positive note/ SVB London branch sold for $1,20[1 UK pound] Source=Fortune.com
Charles SCHW could buy it/ if he wanted it;
but he moved some stuff years ago from CA to TX, may not want it.

 

don't know. jpm doens't need frc for sure, just more headaches.

 

https://www.cnbc.com/2023/03/16/gro...20-billion-in-first-republic-sources-say.html

groupie sex

 

No stock risk . Hedge funds cannot push the banks around with this deal.

 

HFs will keep it down. Deposit is a liability on the balance sheet, pays interest.

 

I started a thread on the subject.
https://www.elitetrader.com/et/threads/bear-stearns-and-the-2008-financial-crisis-recalled.373195/

 

bought some schw

 

Why? It is a good firm but why is it a good stock?

 

its ceo was buying, why not hop on the wangon, don't debate.

the way frc works now, schw will be bailed out by td bank.