Bill Ackman is ‘extremely concerned’ about financial contagion risk ‘spiraling out of control’ after First Republic rescue
Spreading the risk of financial contagion to achieve “a false sense of confidence” in First Republic Bank is “bad policy”, Pershing Square’s Bill Ackman said in a tweet. The activist investor said moves by the largest US banks to deposit $30 billion with First Republic “raised more questions than…
#firstrepublicbank #pershingsquares #billackman #firstrepublic #jpmorganchaseco #bankofamericacorp #citigroupinc #wellsfargoco #goldmansachsgroupinc #bankofamerica