The loans can’t “run away”. Certainly some of the deposits may continue for a bit longer but these companies still need a bank. I suspect FCB will see deposit runoff slow.
The loans are what is much more “sticky”….& can be leveraged to bring in new deposits.
True, but only about a third of its total loans are what I’d considered safe.
$74B total loan portfolio:
$41.3B in subscription line loans, which is a dieing business that major banks are beginning to ditch.
$6.7B of loans to growth stage fintechs, which are only repaid on exit events, which just aren’t happening anytime soon.
$10B to $12B in loans to proven startups that are consider safe to repay.
$1.2B of loans to wineries, probably safe.
$10.5B to clients of its private bank, safe as well.
$2.6B of lending to commercial real estate projects, which is in the midst of a crisis.
So yes, they can’t “run away,” but the loans portfolio just isn’t considered stellar enough to be a major factor. Before the First Citizens deal, PE firms were reportedly bidding for it so they could piece it out, which admittedly may be a good thing, since they saw some value.
Credit funds scrutinise ‘mythical, enormous’ Silicon Valley Bank loan book
Hence why the Fed is on the hook for 1/2 of all losses…helluva a deal if FCB can keep most of SVB together. I suspect things will settle down over the next month or 2.
Unclear what this revenue bump means for the year based on just the article but @ $11.47B in Revenue easily created a Fortune 500 company. Think the new Fortune 500 threshold is around $6B to make the list now. Not sure if this 1 time event means for the year but if anyone has time to dig through the earnings reports…
Good news if your a share holder. Everyone else, you can keep your job, yeah! 
Otherwise, FCB has shown what it takes to be a financially successful bank overtime, good for them! 
Interestingly and sadly for DTR, it does this without bragging.
i.e. no reason to show-off your brand via logos on top of new shiny building in DTR 
Syneos Health (out of Morrisville) is being taken private in a $7.1B deal from Elliott Investment Management and others. They expect the HQ to stay where it is.
https://www.bizjournals.com/triangle/news/2023/05/10/syneos-health-sold-for-71billion.html
Ha, I think my wife use to work for them.
Would never have guessed they have 28k employees globally.
Would think this would be quite good for our region
Good idea if….
Congress doesn’t pull the money due to current debt ceiling crisis. Also, the guidelines for MSAs and/or…
Lot of room for the largest Metro’s that aren’t currently in the specific field yet but are trying to be… iffy?
Well this doesn’t exactly bode well for VinFast:
So…………basically……………a Dodge?
The last thing we need are more SUVs on the road anyway. They need to focus on building and selling cars instead to increase the survival rate for possible biker or pedestrian collisions.
I’d love an electric wagon the size of my old VW Sportwagen…essentially a golf with a longer hatch area.
Ionic…necessary character/s ?
VW is working on an EV wagon, but only for Europe, and a foot longer than the most recent Sportwagen.
American fuel economy and pedestrian safety rules really need to be fixed to make wagons competitive with uselessly high “crossovers.”
Most compact SUVs these days are basically wagons. Rav 4, CRV, Escape, Forrester, etc.
I think it is some fuel economy rules, as you suggested, that they are sold as mini SUVs, rather then wagons.
This could be big. I’d have to believe we’d have a strong shot at the biotech hub, I don’t know.
yeah, I’d be all over that wagon!
I drive a German wagon and I would never consider any of those things you mention. Ew. They are not wagons. They do not drive like a sport wagon.