JPM is not assuming FRC’s corporate debt or preferred stock

Key transaction elements following the FDIC’s competitive bidding process include:

• Acquisition of the substantial majority of First Republic Bank’s assets, including approximately $173 billion of loans and approximately $30 billion of securities
• Assumption of approximately $92 billion of deposits, including $30 billion of large bank deposits, which will be repaid post-close or eliminated in consolidation
• FDIC will provide loss share agreements covering acquired single-family residential mortgage loans and commercial loans, as well as $50 billion of five-year, fixed-rate term financing 
• JPMorgan Chase is not assuming First Republic’s corporate debt or preferred stock

所有跟帖： 

• all bond and stock holdings will be wiped out -dpwas- ♂ (0 bytes) () 05/01/2023 postreply 06:08:31

• 拿住存款也不錯了，要不一大波銀行擠兌，它自己也難逃 -duck_donald- ♂ (0 bytes) () 05/01/2023 postreply 06:09:34

• within expectation -justbuy- ♂ (0 bytes) () 05/01/2023 postreply 06:11:50

• 說了嘛 個股風險太大了 還是FOCUS ON INDEX BETTER -justbuy- ♂ (0 bytes) () 05/01/2023 postreply 06:13:21

• 股東和債主都完蛋了 -zipzoomfly18- ♂ (0 bytes) () 05/01/2023 postreply 06:37:00