hjalle
Joined 16 years ago
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Joined 16 years ago
The CEO of Alecta even said in an interview that the 50%+ drop of "First Republic bank" isn't a loss because it hasn't been realized yet. It wouldn't surprise me if he had to leave before the week is over.
4th largest shareholder in Signature Bank
5th largest shareholder in First Republic bank.
Lets call it 3 out of 3.
Without knowing anything regarding the specific details, I would be pretty surprised if investors wouldn't be ready for both ups and downs.
Edit: 72 years in average across all prizes, although first half of 20th century was lower.