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accountedly t1_jdbmq3k wrote

Reply to comment by brosako in Thoughts on First Republic bank by brosako

No as you said I don’t think they are going out of business. A lot of banks have the same issue so the government is going to have to intervene in some way most likely, they are figuring out what right now.

The time extension allows the situation to cool and deposits to return possibly plus the government can fully evaluate the situation across all banks. It’s not just this bank.

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brosako OP t1_jdbmvbv wrote

You think they may wipe out common shares?

Why they haven’t done already?

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accountedly t1_jdbn4dh wrote

They are fine to continue operations as is for a few months. After that it’s not clear. They just hired McKinsey and Lazard to explore options. Asset sales, selling the company, etc are on the table.

I bought Citi in 2008, quadrupled my money in a year.

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