Bank Takeover

According to reports, insiders say that the Federal Deposit Insurance Corporation (FDIC) of the United States is preparing to take over First Republic Bank immediately on April 28t

According to reports, U.S. President Biden said that if a bank (such as Silicon Valley Bank or Signature Bank) was taken over by the Federal Deposit Insurance Corporation of the United States, the people who run the bank should no longer work there, and the management of these banks would be dismissed. In addition, Biden also said that the investors of these banks “will not be protected”. The investors took the risks knowingly and lost funds because the risks did not get paid. （theguardian） Biden: The management of Silicon Valley Bank and Signature Bank will be dismissed Analysis based on this information:The U.S. President Joe Biden has taken a strong stand on bank takeovers by the Federal Deposit Insurance Corporation (FDIC) and the dismissal of bank management. He made it clear that if FDIC takes over any bank, the people who run the bank should no longer work there, and the management of these banks would be dismissed. His remarks…