Resolves YES if First Republic Bank is placed into FDIC receivership in April (eastern time), otherwise NO.
See https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/.
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@jack I had a feeling it was coming for sure. As soon as Bitcoin dropped $1k between 8-9pm EST I figured a deal was done and would be announced before midnight EST.
I would think since Asian markets (mostly) and European markets (mostly) are closed today that gave them a bit less urgency to wrap it up by midnight EST since it wouldn't effect those markets in a harsh way hence the very early morning takeover.
GGs to those that said NO 👍
@DylanSlagh the resolution criteria deadline is end of April. I added a clarification that it's eastern time. (Close date was just set by manifold and isn't the actual deadline)