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Somehow I doubt this was planned entirely privately. For one thing, absent a government nod, this kind of coordination raises serious antitrust concerns.
by twoodfin 4y ago
Somehow I doubt this was planned entirely privately. For one thing, absent a government nod, this kind of coordination raises serious antitrust concerns.
- robertlagrant 4y ago> For one thing, absent a government nod, this kind of coordination raises serious antitrust concerns What concern, exactly?
- twoodfin 4y agoSuppose that (and this is not that wild a hypothetical under the circumstances) First Republic had been contemplating, barring significant new deposits, selling to an up-and-coming midsized bank, and the larger banks did not collectively desire that outcome. Their CEOs can’t sit around a table and discuss joint billion-dollar strategic action. It’s the definition of a “conspiracy in constraint of trade”.
- ceejayoz 4y agoWhat constraint of trade results from this action?
- scotty79 4y agoIf appetite for deposits is satisfied by some ingroup then the bank doesn't have to compete for deposits on the open market.
- robertlagrant 4y agoThis would be an acquisition intention that's not been announced or registered already? Anything's possible, but it seems silly to worry about things like that.
- gilrain 4y agoIt’s only antitrust if it’s anticompetitive.