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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: hclasvegas   😊 😞
Number: of 15061 
Subject: Re: SVB bailout
Date: 03/17/2023 9:27 AM
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I wonder what Buffett and Munger think about this? '' The banking space sees another rescue deal in just a matter of days, with the nation's biggest banks agreeing to deposit around $30 billion with troubled First Republic Bank (FRC). The big banks -including JPMorgan (JPM), Bank of America (BAC), Citi (C) and Wells Fargo (WFC) - will contribute $5 billion of deposits each. Goldman Sachs (GS) and Morgan Stanley (MS) will provide $2.5 billion each. PNC Financial (PNC), BNY Mellon (BK), Truist (TFC), U.S. Bancorp (USB) and State Street (STT) will each contribute $1 billion.
''
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