First Republic auction underway, with deal expected by Sunday

First Republic Auction Underway, with Deal Expected by Sunday

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 Insurance Corp, according to sources fami…

Bank regulators seek buyer for First Republic

The Federal Deposit Insurance Corp. has asked banks including JPMorgan Chase & Co., PNC Financial Services Group Inc., U.S. 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.

Federal regulators race to seize and sell First Republic Bank

Federal regulators are racing to seize and sell First Republic Bank as soon as this weekend, a source familiar with the matter told ABC News.

First Republic auction underway, with deal seen by Apr 30: Sources

Banks including Citizens Financial Group, PNC Financial Services Group and JPMorgan Chase are among roughly half a dozen bidders vying for First Republic Bank in an auction process being run by US regulators, according to sources familiar with the matter. Guggenheim Securities is advising the US Federal De

What's next for troubled First Republic Bank

By Chris Isidore, CNN First Republic Bank is still an independent bank. The question Saturday was how much longer that will continue to be true. Shares of First Republic plunged from $122.50 on March 1 to around $3 a share as of Friday on expectations that the Federal Deposit Insurance Corporation, the independent government agency

What's next for troubled First Republic Bank

First Republic Bank is still an independent bank. The question Saturday was how much longer that will continue to be true.