The Credit Crunch is Here
The Macro Trading Floor
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The FDIC and JB Morgan Deal on First Republic Bank
Jimmy Diamond: FDIC and JB Morgan deal on First Republic Bank almost incentivizes large banks to wait for receivership before they try to save them. "This 80-20 loss share split is amazing in my view," he says. The European Central Bank deposit trade is now over 3%. 'It's been a very long time since we have seen something like this in Europe'
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