Amarin Corp Plc (AMRN)

[Whalatane]

RMB interesting article ...my take if U dont mind.
An example ...if U have $500k in the First Republic Bank in the SF area ( also used by startups out here ) ...are U keeping the entire $500k there on Monday knowing that only $250K of that is FDIC insured .
Its likely you'll move $250K to Wells Fargo or some other large local money center bank .
That way both accounts are covered by FDIC insurance

Thats just a small example ......but expect many local business, start ups etc , do that on Monday ....unless the Feds step in and provide some kind of back stop guarantee .

And First Republic is just one example ...there are several like them in Ca .

So unless the Feds agree to some kind of back stop ...expect money to flood out of any small regional bank that has SVB type exposure ...into large money central banks .

As for SVB itself .
The risk is that if the Feds do a complete bail out of all depositors , what kind of message does that send . " If you ( depositor ) don't diversify where U hold your $ and the bank fails ..we'll bail U out anyway no matter the cost "

The way this may shake out
Everyone gets their $250k covered and 90% of the remainder of their deposits at SVB
Smaller regional banks get some kind of back stop to prevent a "run on the bank " type contagion.

Where is AMRN's $300m plus held anyway ...Anyone know ?
Kiwi
Kyle Bass .

. First Republic Bank of California is next. With fair value losses that exceed its total equity, there’s probably nothing the government can do to save this one.