Chase/FRB Transaction Overview

Stayed calm - both the market and the public.

The fall of First Republic Bank did not trigger the panic button as the previous bank failures in March. That is a good thing.

People now understand how the system works when a bank fails. A rapid and orderly resolution surfaced after another weekend.

With the FRB deal, Chase expects:

📌 An IRR > 20%.

📌 > $500 million net income.

📌 A boost of wealth presence on two coasts.