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Chase has wanted this bank for years. Either they are taking advantage (takeover) or <conspiracy theory unfounded> helped accelerate it.
by czbond 4y ago
Chase has wanted this bank for years. Either they are taking advantage (takeover) or <conspiracy theory unfounded> helped accelerate it.
- gumby 4y agoMost of the good staff were poached by First Republic over the past few years. That caused me to bank my current startup at FR after more than 25 years of SVB. So I don’t think there was much for Chase to buy. SVB has been in decline for a while
- ashwagary 4y agoJust saw a First Republic stock chart in crash territory, contagion?
- everybodyknows 4y agoToday's price range: 45-95 https://www.cnbc.com/quotes/FRC?qsearchterm=first https://www.cnbc.com/quotes/FRC?qsearchterm=first
- gumby 4y agoS&P bank sector is down across the board, but presume it will regress to the mean fairly soon. Aren't many other banks with exposure similar to SVB's.
- alfalfasprout 4y agoFirst republic is in the same region and has a ton of tech clients. Collateral damage. So far it looks like they don't have the same exposure as SVB did though.
- VirusNewbie 4y agoInteresting you say this, their stock is up despite rest of my portfolio being red
- czbond 4y agoFlight to safety? Like when there was the Southwest Airlines December debacle - AAL skyrocketed for a bit.