Re:How deep is the rot in America’s banking industry?
by JumpCrisscross on Thursday March 16, 2023 @07:41PM
(#35190558)
> why that didn't happen in this case
Buyers of banks in the last round got screwed. Dimon has been vocal about this. They inherit a string of liabilities that take a decade (or more) to resolve. Add to that, the number of private equity buyers for a $200bn bank is limited.
Buyers of banks in the last round got screwed. Dimon has been vocal about this. They inherit a string of liabilities that take a decade (or more) to resolve. Add to that, the number of private equity buyers for a $200bn bank is limited.