JPMorgan, PNC Bid to Buy First Republic as Part of FDIC Takeover

FDIC races to find buyer for collapsing First Republic Bank: report

The Federal Deposit Insurance Corp. is scrambling to find a buyer for First Republic Bank as the banking company's stocks continue to tumble, Bloomberg.

The U.S. government has asked several financial institutions to make a takeover bid for the ailing First Republic Bank this weekend, a source reports to AFP news agency. Four parties may be interested.

FDIC Preparing to Seize First Republic Bank

The bank’s shares dropped by approximately 75 percent this week following a disappointing first-quarter earnings report noting a drop of more than $100 billion since Jan. 1, 2023.

First Republic Bank Close to Collapsing

The San-Francisco, California-based bank is rocked by a crisis of confidence that threatens its survival, unless there is a last-minute bailout.

FDIC asks banks for final First Republic bids: Reports

The US Federal Deposit Insurance Corp has asked banks including JPMorgan Chase and PNC Financial Services Group to submit final bids for First Republic Bank by Sunday (Apr 29) after gauging their initial interest earlier in the week, Bloomberg News reported. The banking regulator reached out to banks late

FDIC asks banks for final First Republic bids- media reports

(Reuters) -The U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan Chase & Co and PNC Financial Services Group to submit final bids for First Republic Bank by Sunday after gauging their initial interest