The Federal Deposits Insurance Corporation (FDIC) has reportedly given JP Morgan and the Pittsburgh based PNC Financial Services until Sunday to submit takeover bids on First Republic.
Neither of the three has confirmed as such, but media reports based on unnamed sources have moved from FDIC is taking over First Republic on Friday to now who they’re selling it to.
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- Source: https://www.trustnodes.com/2023/04/29/fdic-gives-sunday-deadline-for-first-republic-bids
