Hired to help with a capital raise, Goldman Sachs advised SVB to make a move that provoked a public panic and ended with the smaller bank collapsing.
Category: Mergers, Acquisitions and Divestitures
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Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control
The resolution of First Republic Bank came after a frantic night of deal making by government officials and executives at the country’s biggest bank.
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First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase
As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.
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First Republic Nears Federal Seizure as F.D.I.C. Seeks Buyers
JPMorgan and PNC, two of the country’s largest banks are said to be interested in acquiring the troubled lender after it is seized by the Federal Deposit Insurance Corporation.
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Questions Swirl About NBCUniversal’s Future After C.E.O.’s Shocking Firing
Mike Cavanagh, now in charge of NBCUniversal, is meeting with talent including Lester Holt and Jimmy Fallon as he ponders next steps for the business.
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With Microsoft-Actvision Deal Block, How Often Do Mergers Fall Apart?
British officials blocked Microsoft’s $69 billion acquisition of Activision, raising the question how often deals fall apart?
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Kaiser Permanente to Acquire Geisinger
The California health care organization will create a new nonprofit that aims to acquire a half-dozen additional community health systems.
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Vox Media Spins Off NowThis, Viral Politics Site
Known for its viral videos of politicians and other newsmakers, NowThis is preparing to cover the 2024 election as an independent company.