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Merteswagger t1_jdv6iqp wrote

> ONE SICK BANK BOUGHT ANOTHER SICK BANK

You know that First Republic and First Citizens are different banks right?….?

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blue-shirt-guy t1_jdv83b8 wrote

Yeah I think most people are aware it’s two different banks. It creates confidence that this can be worked out and (hopefully) prevent further bank runs.

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Merteswagger t1_jdv8bjw wrote

Yeah I get why the news is propping-up FRC, but he added that ‘one sick bank buys another’ when there hasn’t been any drama around first citizens lol

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dbdank t1_jdvi0bu wrote

But if FRC gets bought out their stock will go down, so why is this confidence inspiring?

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HealthyStonksBoys t1_jdvohzx wrote

Actually the cost to buy FRC would be decent their asset sheets are not like SVB

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dbdank t1_jdvooix wrote

You think better than current stock cost?

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HealthyStonksBoys t1_jdvq4fy wrote

Yes I can’t say exactly what they’d agree but FRC is a high quality Bank with great reputation with unfortunate circumstances

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blue-shirt-guy t1_jdvt66q wrote

Confidence that contagion can be avoided and future bank runs not as big of a threat since bank clients see positive outcome from the SVB situation. Less bank run threat is good for First Republic.

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Successful-Stomach40 t1_jdvz2vx wrote

Thank god I was so confused wtf OP was talking about I thought I was the one that was stupid (or rather I'm slightly less stupid)

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Onefortwo t1_jdwo4d9 wrote

It’s like fighting a fire with rocks in here these days.

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CoolFirefighter930 t1_jdyrcvu wrote

Well I just happen to know where my wife made deposits at from her job ,let's just say First Citizens has no worries. Just I can't say anything but it was a shit ton of money daily. Twice a day from two different places.

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