I really don't know why they don't just take a chill pill and let this blow over
a sale would be ridiculous, there is zero reason to fire-sale a bank with 28% margins
they could easily lure back half of the 40% of closed accounts...these were panic moves, easily undone
FRC was giving high-touch personalized service, these customers aren't going to get that at BofA, where they'll be told to use an ATM or dial a call center
it may take years to get back to full strength, but with the new capital infusion, they can run the business and just let this shitshow blow over
if anything, replace the CEO with someone who has balls, there is no reason for FRC to be cowering in the corner
a sale would be ridiculous, there is zero reason to fire-sale a bank with 28% margins
they could easily lure back half of the 40% of closed accounts...these were panic moves, easily undone
FRC was giving high-touch personalized service, these customers aren't going to get that at BofA, where they'll be told to use an ATM or dial a call center
it may take years to get back to full strength, but with the new capital infusion, they can run the business and just let this shitshow blow over
if anything, replace the CEO with someone who has balls, there is no reason for FRC to be cowering in the corner