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First Republic Regulators Rush to Fix Crisis as Banks Make Bids

Posted on AllSides April 30th, 2023
From The Left

(Bloomberg) — US regulators were rushing to resolve the First Republic Bank crisis Sunday after a midday deadline passed for submitting final bids to take over the struggling lender. The Federal Deposit Insurance Corp. had asked banks including JPMorgan Chase & Co., PNC Financial Services Group Inc., and Citizens Financial Group Inc. to submit offers, according to people with knowledge of the matter. Bank of America Corp. and US Bancorp were also invited but decided against bidding, according to the people, who asked not to be identified discussing confidential talks....

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https://mercurynews.com/2023/04/30/first-republic-regulators-rush-to-fix-crisis-as-banks-make-bids

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