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brosako OP t1_jdbmvbv wrote

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

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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