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$First Republic Bank (FRC.US)$ How should I go next Monday?[...
$First Republic Bank (FRC.US)$ How should I go next Monday?![]()
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超级吸金大黑洞 : Suspend the license, then pay a gross or penny ticket
70741784 : Will it go bankrupt? Like BBBY
razo2 : FRC is already gone. FDIC already took over FRC, they might finish the bidding by today where the big banks will bid on assets that they are really interested. FRC do hold some good assets, but it will be sold dime to the dollar.
that is why I said keep both eyes on big banks news that bought the good assets from FRC at a cheap. this will significantly increase their assets in their books. do not chase FRC, chase the big banks that gained from this bidding. it is just common sense.
the ugly toxic stuff will be left for the shareholders in FRC to swallow with the US tax payers. the FRC name is already gone, don't have any more hopes it will come back again.