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First Republic Auction Underway, with Deal Expected by Sunday

april 30, 2023by Reacties uitgeschakeld voor First Republic Auction Underway, with Deal Expected by Sunday

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U.S. regulators are trying to clinch a sale of First Republic Bank over the weekend, with roughly half a dozen banks bidding, sources said on Saturday, in what is likely to be the third major U.S. bank to fail in two months.

Citizens Financial Group Inc., PNC Financial Services Group and JPMorgan Chase & Co. are among bidders vying for First Republic in an auction process being run by the Federal Deposit Insuranc

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