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That was hedge fund billionaire Monthly bill Ackman back with his two cents on the regional banking program pursuing the collapse of First Republic Bank and subsequent takeover by JPMorgan & Chase Co JPM earlier in the 7 days. On Wednesday night, fellow regional loan provider PacWest Bancorp’s shares PACW plummeted just after a report it was taking into consideration strategic options.
The Pershing Sq. Cash Administration CEO reported in a long tweet early Thursday that Very first Republic Lender would not have failed if the Federal Deposit Insurance coverage Corporation briefly…
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