FDIC Gathers Bids for First Republic Bank

Regulators were rushing to secure a deal for First Republic Bank before Asia markets open later on Sunday. (Photo by Spencer Platt/Getty Images)


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Bidding for

First Republic Bank


assets could conclude as early as Sunday evening, before the markets open in Asia, with the pool of potential buyers including JPMorgan Chase and PNC Financial Services Group, a person familiar with the matter told Barron’s.

Source: https://www.barrons.com/articles/fdic-gathers-bids-first-republic-bank-eb7376a?siteid=yhoof2&yptr=yahoo