FDIC is expected to make an announcement it has seized First Republic prior to the Asia opening market according to Reuters.
That will follow a week long bidding process that includes Citizens Financial Group, PNC Financial Services Group, JPMorgan Chase & Co and Bancorp.
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- Source: https://www.trustnodes.com/2023/04/30/fdic-expected-to-seize-first-republic-imminently
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