First Citizens Buys Silicon Valley Bank Assets -- and Regional Bank Stocks Rally 3/27/23
Squawk on the Street
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The Market's Still Oversold
The market's still oversold. This is time to get more aggressive, not less aggressive. First republic shares are up today. We've talked about it in part as a bank that's not gonna be able to earn a great deal of money over the next couple of years. But I've made the point that you'd have to get government assistance to deal with the actual hole in its balance sheet. It's not clear that will be the case.
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