First Republic Bank Take Over | AAPL and the Federal Reserve
Futures are flat as we head into a busy week
Today First Republic Bank became JP Morgan Chase after a auction held over the weekend. I find it interesting how the deal has been structured but more importantly, the risk that JP Morgan, Chase actually takes on.
This morning Seeking Alpha posted a summary of the agreement between JPM and the FDIC.
CLICK THE LINK BELWO https://seekingalpha.com/news/3962512-jpmorgan-chase-pays-106b-to-fdic-for-first-republic-bank-acquisition
This week AAPL reports earnings along with the Federal Reserve meeting. These two events could set markets on a volatile ride.
Keeping it short this morning.