Market Extra: First Republic seen drawing bids from JPMorgan and PNC amid report of ‘imminent’ FDIC seizure
First Republic Bank FRCis said to be drawing bids from lenders JPMorgan Chase & Co. JPM and PNC Financial Services Group PNC, according to the Wall Street Journal late Friday night, citing people familiar with the matter. The WSJ report follows another harrowing day for the San Francisco-based…
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