Do you say that because it could lead into that narrative more broadly? Or do you think another giant like JPM would be the one to `swallow` this bank now?
Discussion
So first republic is second largest bank failure in U.S. history. It has a lot of strategic reason for JPM to bought it under the helps of government. Right now what’s happening is small regional banks failure. If they are lucky, they find a buyer but it won’t be JPM. If they are unlucky, they go bankrupt like SVB.