U.S. regulators have asked banks for their best and final takeover offers for First Republic by Sunday afternoon, in a move that authorities hope will calm markets and cap a period of uncertainty for regional lenders.
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U.S. regulators asked banks for their best and final takeover offers for First Republic by Sunday afternoon, in a move that authorities hope will calm markets and cap a period of uncertainty for regional lenders, CNBC reported Saturday.
First Republic Bank FRC reportedly received bids from lenders including JPMorgan Chase & Co. JPM and PNC Financial Services Group PNC on Sunday, according to the Wall Street Journal, citing people familiar with the matter. According to the Journal, the FDIC questioned bidders Sunday evening,…
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