The Pomp Letter
The Pomp Letter
First Republic Bank & Stanley Druckenmiller
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First Republic Bank & Stanley Druckenmiller

To investors,

There are two topics I want to cover this morning — First Republic Bank and Stanley Druckenmiller.

First Republic Bank

First Republic Bank was seized by regulators this morning and many of the assets have been sold to JP Morgan. This is the second largest bank failure in US history. Three of the four largest bank failures in history have happ…

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