Is Jamie Dimon the Banking Crisis’s Big Winner, and the Pharma Stock Hitting One Record After Another 5/1/23
CNBC's "Fast Money"
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Jamie Diamond Wins Control of First Republic CEO
JP Morgan scooped up first Republic CEO Jamie Diamond, winning control of the failed bank through an FDIC auction this weekend. The gains didn't help the broader banking sector, the KRE banking ETF dropping more than 2% closing less than 2%. Regional banks are faring even worse down almost 3% less than a buck from its lows.
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