First Republic Bank acquired by JP Morgan

[Yugocean]

American Regulators have seized First Republic Bank, and sold it to JP Morgan Chase. FRB shares are worth 0 value, while JP Morgan has become the largest bank in the US.

There are many controversies and questions around it. JP Morgan already controlled 10% of US economy. The FDIC shared $13B losses, and gave $50B loan for this.

what is your take?

 

[IB D]

This is exactly how the capitalistic economic system was primed to be. It was meant to make the rich very richer. And the poor very poorer. J.P. Morgan aided to control more of the American economy.

 

[uptrendfinancialsignal]

The JPMorgan is a very big financial institutions and I'm not surprised with the development.

 

[IB D]

The reality in the business world is that the big businesses would always swallow the small businesses that cannot thrive and grow bigger. JP Morgan might monopolize the American financial institutions sector.

 

[Niyi Briggs]

And it has become the biggest bank in America. I knew this was their goal from the kind of inroads they were making. It is all business though.

 

[Shavkat]

In my view, JP Morgan has been proven its popularity in years now. It is possible for them to expand and merge with other bank companies. There is no doubt about this matter.

 

[IB D]

In my view, JP Morgan has been proven its popularity in years now. It is possible for them to expand and merge with other bank companies. There is no doubt about this matter.

They didn't just expand here. The bank was offered to them to buy. And I am sure that the price would not be that big. That is the reward for building capacity over the years.

 

[hastral45]

American Regulators have seized First Republic Bank, and sold it to JP Morgan Chase. FRB shares are worth 0 value, while JP Morgan has become the largest bank in the US.

There are many controversies and questions around it. JP Morgan already controlled 10% of US economy. The FDIC shared $13B losses, and gave $50B loan for this.

what is your take?

I was astonished when I heard the news about the acquisition of first republic Bank by JP Morgan on Aljazeerat.
This acquisition is long overdue since last year when the shares of FRB began to depreciated in the stock market. I hope JPMorgan would use its expertise and experience to revive the bank.

 

[Niyi Briggs]

I was astonished when I heard the news about the acquisition of first republic Bank by JP Morgan on Aljazeerat.
This acquisition is long overdue since last year when the shares of FRB began to depreciated in the stock market. I hope JPMorgan would use its expertise and experience to revive the bank.

Given the pedigree of JP Morgan, I know that the bank would be revived. There are some institutions that are authorities and can cause a major move or alteration on am entire industry. That is what JP Morgan is.