Article By:
Marc Chandler
Monday, May 1, 2023 9:59 AM EDT
Most markets are closed for May Day. News that JP Morgan will acquire most of First Republic assets will be a relief for the markets. US equity futures are slightly firmer, and the 10-year Treasury yield is around three basis points higher.
The US Banking System Is Sound?
$FRC Nothing is sound with Biden at the helm.
First Republic On The Brink
just because $FRC is making bad decisions doesn’t mean the other 2 are. $WAL and $PACW have already said that their financials are sound and they don’t have to dilute their stock like FRC is doing. Plus they are keeping their dividend as of right now. You are comparing apples to oranges.
First Republic On The Brink
If you don't understand why $FRC is the outlier here you shouldn't be making commentary.
UBS Seeks Government Backstop As It Rushes To Finalize Credit Suisse Takeover Deal As Soon As Tonight
$FRC Explosion on Monday!