What’s that equal? Probably layoffs of non-manager types because you know AC and his McKinsey-consultant right-hand-man/flying monkey aren’t going to take the blame.
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Uncle Salty's Bank closed at $29.80, under $30 a share for the first time in a very, very long time, meanwhile, this week America's banker and JPMorgan Chase picked up the assets of First Republic Bank which was about 3 times larger than Union Bank for much less than half of what U.S. Bank paid for Union Bank, while Uncle Salty's Bank didn't even muster up a bid for the assets of FRB where they recently deposited $1 billion dollars
Stock price is under $32 at the midday review, down $1.20 a share, resting at $31.59, wonder where Fitch is on the credit rating side, the bad things some in threes, another shoe may be about to drop.