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$First Republic Bank (FRC.US)$ What about First Republic’s s...
$First Republic Bank (FRC.US)$ What about First Republic’s stock?
When a bank is seized by the government, its common shareholders are wiped out. In this case, First Republic shareholders, along with its debt holders, will not receive anything. JPMorgan Chase said that it would not assume First Republic’s corporate debt or preferred stock.
When a bank is seized by the government, its common shareholders are wiped out. In this case, First Republic shareholders, along with its debt holders, will not receive anything. JPMorgan Chase said that it would not assume First Republic’s corporate debt or preferred stock.
https://www.nytimes.com/2023/05/01/business/first-republic-stock-deposits-sale.html#:~:text=What%20about%20First%20Republic's%20stock,corporate%20debt%20or%20preferred%20stock.
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