Regional banks like Pacwest, Western Alliance are getting hammered.
Major banks are trending lower too eg Bank of America, JPMorgan, Goldman
Market got spooked by First Republic’s failure? Just wondering, when Fed maintains the interest at such high rate for a prolonged period of time, will we see more collapses in regional banks?
Food for thought.
$Bank of America (BAC.US)$ $First Republic Bank (FRC.US)$ $Morgan Stanley (MS.US)$ $JPMorgan (JPM.US)$ $Goldman Sachs (GS.US)$ $Wells Fargo & Co (WFC.US)$ $Citigroup (C.US)$ $Silvergate Capital (SI.US)$ $Spdr S&P Bank Etf (KBE.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $USD (USDindex.FX)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ $PacWest Bancorp (PACW.US)$ $Western Alliance Bancorp (WAL.US)$ $PacWest Bancorp (PACW.US)$ $Invesco Kbw Regional Banking Etf (KBWR.US)$ $Spdr Series Trust S&P Regional Bkg Etf (KRE.US)$ $SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Metropolitan Bank (MCB.US)$ $...

$First Republic Bank (FRC.US)$ I think we are going to see this more often, the bank declares bankruptcy and the government guarantees the 250,000 to the depositors but on the other side where there are also billions with the investors they freeze it and keep them

$First Republic Bank (FRC.US)$ This platform can continue OTC trading, but at a greatly discounted price.

$First Republic Bank (FRC.US)$
bunch of highly paid fools

$First Republic Bank (FRC.US)$ The key points of JP Morgan Chase's acquisition of First Republic Bank include:
1) Acquiring most of the assets of First Republic Bank, including approximately $173 billion in loans and approximately $30 billion in securities.
2) Assuming approximately $92 billion in deposits, including $30 billion in large bank deposits, which will be repaid after the completion of the transaction or written off after the merger (with JP Morgan Chase assuming $25 billion in large Bank of America deposits and writing off $5 billion in deposits during the merger), as well as $28 billion in Federal Home Loan Bank (FHLB) loans.
3) The Federal Deposit Insurance Corporation (FDIC) will provide loss sharing agreements covering acquired single-family residential mortgages (80% loss protection for seven years) and commercial loans (80% loss protection for five years), and the FDIC will provide $50 billion in five-year fixed-rate financing.
4) JP Morgan Chase does not assume the corporate bonds or preferred shares of First Republic Bank.
Jp Morgan Chase will pay $10.6 billion to the Federal Deposit Insurance Corporation (FDIC).

$First Republic Bank (FRC.US)$ so which regional bank is next? The big banks will swallow the small ones in couple of weeks ir months.

$First Republic Bank (FRC.US)$ good riddance bank the play stupid games to win stupid prices deserve to go out of business

$First Republic Bank (FRC.US)$ sold for 10.6billion so stock price should worth how much ? 57.6?

$First Republic Bank (FRC.US)$ What about the money inside of us? It's no longer possible to trade,
Quietly wait for JP Mogan to bid to buy common stock. However, preferred shares have returned to zero.