$First Republic Bank (FRC.US)$ Bank was seized by regulators...
$First Republic Bank (FRC.US)$ Bank was seized by regulators first. JPM bought the asets, not the bank, shareholder will be wiped out. Am I correct?
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gogoldie : yes correct! shares will not trade anymore. closed.
103134489 : OTC but prob in the cents
btzd : yup
KingNY-Life : If you only buy assets and stocks, they will continue to exist, but shareholders' equity will be lost. Currently, according to the balance sheet, they are already insolvent. The only valuable ones are mortgaged bonds, which are not ruled out, so don't go to the bottom right now, so don't dig the bottom line for now
KingNY-Life awang2001 OP : How extreme is this situation; there is no bottom
razo2 : spot on