another day,another bank goes under. this time around though (((jp morgan)) comes to the "rescue" .consolidation is thy name - Upgoat

another day,another bank goes under. this time around though (((jp morgan)) comes to the "rescue" .consolidation is thy name
submitted by dosvydanya_freedomz to news 2 yearsApr 29, 2023 07:18:27 ago (+9/-0) (www.reuters.com)
https://www.reuters.com/article/first-republic-ma-jp-morgan/jpmorgan-pnc-bid-to-buy-first-republic-as-part-of-fdic-takeover-wsj-idINL1N36W00L

April 28 (Reuters) - Banks including JPMorgan Chase & Co and PNC Financial Services Group Inc are vying to buy First Republic Bank in a deal following a government seizure of the lender, Wall Street Journal reported on Friday. (Reporting by Jyoti Narayan in Bengaluru; Editing by Lincoln Feast)

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[ - ] totes_magotes 0 points 2 yearsApr 29, 2023 15:07:55 ago (+0/-0)

I remember something like, erm... I guess 7, maybe 8 years ago, I was trying to tell a bunch of people online that businesses should not be allowed to buy businesses. You wanna talk about a bunch of jew-programmed NPC screeching, JFC. Here we are now with corporate power having been massively consolidated and getting worse and they're only just now starting to think maybe it's not the best idea.

But of course it's too late to do anything about it now.

[ - ] letsgetit 0 points 2 yearsApr 29, 2023 14:30:47 ago (+0/-0)

Ah yes, the plan comes together. Hand rubbing intensifies

[ - ] Version6 1 point 2 yearsApr 29, 2023 09:56:57 ago (+1/-0)

Fractions of a penny on the dollar.

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