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There may be coalitions of smaller banks being formed, where they agree to submit a single bid, and then internally split up the carcass into the parts they eac
by chiph 4y ago
There may be coalitions of smaller banks being formed, where they agree to submit a single bid, and then internally split up the carcass into the parts they each want should they win.
I haven't seen the terms of the FDIC auction but I suspect it's winner take all, so any coalition will also need a plan how to split up or share the undesirable pieces.