Gasparino: Bidding for SVB has begun today | Forexlive

Fox’s Gaspirino is tweeting that the SVB bidding process has begun and is expected to go through the weekend. JPMorgan will not be bidding.

Admittedly, JPM contributed to the deposit support for First Republic, but that is not a bailout . So they got their hands close to the fire, but they are not looking to put their hands in the fire…