Loyalniceguy
OP
:
JPMorgan won big with one time $2.6B gain, and accumulated profit of $500M yearly with the acquisition. Yellen inept handling of the FRC situation resulted in more regional banks to be in turmoil with pacwest-27.78%; Western Alliance-15.12%; with the next 10 regional banks easy target for hedge funds to short and crash USA equites easily. Time to exit.
Loyalniceguy OP : JPMORGAN bought the bank after FDIC seized the failed bank.
Loyalniceguy OP : JPMorgan won big with one time $2.6B gain, and accumulated profit of $500M yearly with the acquisition. Yellen inept handling of the FRC situation resulted in more regional banks to be in turmoil with pacwest-27.78%; Western Alliance-15.12%; with the next 10 regional banks easy target for hedge funds to short and crash USA equites easily. Time to exit.