JPMorgan gets a sweetheart deal in their acquisition of First Republic Bank, the third significant US banking failure of 2023
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There have been 564 US bank failures since 2001 and three of the largest have occurred since March 2023.
Just yesterday, I discovered a fabulous Starbucks-like coffee chain here in India called Third Wave Coffee. Utilising a blend of beans from North Karnataka, the Bangalorian-borne enterprise started up shop in 2016 and now has ~90 stores across six Indian states. In my opinion, the coffee and menu variety is superior to that of Starbucks; which has 311 franchises across the country.
The opportunity for businesses like Third Wave and Starbucks in India is palpable. While Starbucks may only have hundreds of stores today, it’s not difficult to imagine a world that s…