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FDIC asks banks that want troubled First Republic Bank to submit bids by Sunday

FDIC asks banks that want troubled First Republic Bank to submit bids by Sunday

a year ago
Anonymous $QMjB47b2Hv

https://www.siliconvalley.com/2023/04/29/fdic-asks-banks-for-final-first-republic-bids-due-sunday/

Hannah Levitt, Katanga Johnson, Gillian Tan and Katherine Doherty

(Bloomberg) — The Federal Deposit Insurance Corp. has asked banks including JPMorgan Chase & Co., PNC Financial Services Group Inc., US Bancorp and Bank of America Corp. to submit final bids for First Republic Bank by Sunday after gauging initial interest earlier in the week, according to people with knowledge of the matter.