First Republic Bank rescue creates a 'false sense of confidence,' says hedge fund investor
[ad_1]
Bill Ackman. (Online News 72h Photo/Richard Drew) First Republic Bank rescue creates a 'false sense of confidence,' says hedge fund investor Brady Knox March 17, 04:39 PM March 17, 04:39 PM Video Embed B illionaire investor Bill Ackman criticized the recent bailout of First Republic Bank, saying that it creates a "false sense of confidence." Ackman, CEO of hedge fund Pershing Square Capita...
Posts
White House orchestrating $30 billion rescue of First Republic Bank: Report
[ad_1]
A First Republic Bank in Palo Alto, Calif. is shown Wednesday, Oct. 21, 2009. Bank of America Corp. has agreed to sell First Republic Bank, a private bank it inherited from Merrill Lynch & Co., to a group of investors for more than $1 billion, according to a report Wednesday by The Wall Street Journal. (Online News 72h Photo/Paul Sakuma) Paul Sakuma/ASSOCIATED PRESS White House orchestrating $30 billion rescue of First Republic Bank: Report Jack Birle March 16, 01:22 PM March 16, 01:...