Replies to post #706482 on Mr Cooper Group Inc (COOP)

[jhdf51]

Great RD.. when?

JHD

[PickStocks]

Nothing to do with old escrows……..

[ReikoBlack]

Not only does this have nothing to do with us but you can't even do simple math. 20B + 5B + 5B = 30B, not 35B. LOL!

Side Draft F&R for us and the underwriters and more to come

The Deal just came out and is Done at 4:00 PM The Banks will pay us F&R.

"The largest banks, including JPMorgan ([JPM](https://seekingalpha.com/symbol/JPM...)), Bank of America ([BAC](https://seekingalpha.com/symbol/BAC...)), Citi ([C](https://seekingalpha.com/symbol/C...)) and Wells Fargo ([WFC](https://seekingalpha.com/symbol/WFC...)) will contribute $5 billion of deposits each, while Goldman Sachs ([GS](https://seekingalpha.com/symbol/GS...)) and Morgan Stanley will provide $2.5 billion each, according to multiple media reports, which cited a statement on Thursday. PNC Financial ([PNC]s)) will each contribute $1 billion."

4 x 5B 20B

2 x 2.5B 5B

5 x 1B 5B

Total 35 B
First Republic (NYSE:FRC) rose 11% after the nation's biggest banks agreed to deposit about $30 billion with the troubled lender.

The largest banks, including JPMorgan (JPM), Bank of America (BAC), Citi (C) and Wells Fargo (WFC) will contribute $5 billion of deposits each, while Goldman Sachs (GS) and Morgan Stanley will provide $2.5 billion each, according to multiple media reports, which cited a statement on Thursday. PNC Financial (PNC), Bank of New York Mellon (BK), Truist (TFC), U.S. Bancorp (USB) and State Street (STT) will each contribute $1 billion.
“This action by America’s largest banks reflects their confidence in First Republic and in banks of all sizes,” according to the statement.
The Most Royal Dude
Lets Go Fishing

[LexTrader]

Do you not listen to business news? They reported what this 30B was for (FRC bank) and from whom. Sheeeesh