JPMorgan Triumphantly Seizes First Republic Following Fourth Dramatic Bank Collapse This Year
JP Morgan Chase has won the auction to take over the fallen First Republic Bank, according to the Federal Deposit Insurance Corp’s announcement. The deal will see America’s largest bank, JP Morgan Chase, assume all the deposits and “substantially all the assets” of First Republic, which became the fourth US bank to fail this year. […]
JPMorgan Stocks Soar as they Triumph in First Republic Auction – A Victory for Shareholders!
JPMorgan Chase recently won the auction to acquire First Republic Bank, causing the bank’s shares to rise 3% in early premarket trade. JPMorgan has stated that it expects the deal to be modestly earnings per share accretive, generating over $500 million of incremental net income per year, excluding a $2.6 billion one-time gain and an […]
JP Morgan’s Epstein Connections: A Deeper, Lurking Web Even After Account Closures – WSJ Exposes
JP Morgan Chase & Co.’s involvement with convicted sex offender Jeffrey Epstein was far more extensive than the bank previously disclosed, and it maintained connections with him even after his accounts had been closed, according to a Wall Street Journal report. Mary Erdoes, who leads the asset & wealth management division of the bank and […]
“U.S. Default Risk Skyrockets: JPMorgan Predicts Shocking 35% Chance – Observers Stunned!”
At the recent IMF/World Bank spring meetings, attended by around 1,000 guests and 1,600 virtual participants, JPMorgan analysts reported that there is a 10% to 15% probability of a U.S. default on Treasury obligations. Some “outlier” views placed this probability as high as 35%. The U.S. Treasury is heavily relied upon as a source of […]