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Mar 17, 2023
Ackman: $30B to FRB Gives 'False Sense of Confidence'
Ackman: $30B to FRB Gives 'False Sense of Confidence'
The $30 billion deposit in First Republic Bank from 11 top U.S. lenders creates a "false sense of confidence" in the San Francisco lender, warns Pershing Capital Management CEO Bill Ackman.
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