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breaking news Gasparino: The tender for SVB started today

Fox’s Gaspirino tweets that the SVB bidding process has begun and is expected to continue this weekend. JPMorgan will not make an offer.

JPMorgan CEO Jamie Dimon was burned in 2008 when they came to the rescue of Bear Stearns and were burned by litigation issues and other unseen losses. Gasparino says they won’t participate.

Jamie Dimon closes in on bank fire, but stays away


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