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A comment on JPMorgan Chase Bank Assumes All the Deposits of First Republic Bank. Parent comment

Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep... by AnimalMuppet on Monday May 01, 2023 @08:37AM (#35771955)
IIRC, in 2008 shareholders got wiped out at least at some institutions.

It's 15 years later, and I don't recall the details, but I'm pretty sure that at least one of the big players went down in a way that the stockholders got zero.

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Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep... by JumpCrisscross on Monday May 01, 2023 @08:49AM (#35772069)
> IIRC, in 2008 shareholders got wiped out at least at some institutions

Yes, the banks that outright failed. But e.g. Bear Stearns got a bit of a sweetheart deal.

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