JPMorgan, PNC Bid to Buy First Republic after FDIC Takeover: WSJ

Banks including JPMorgan Chase & Co. and PNC Financial Services Group Inc. are among banks plannning to bid for First Republic Bank after the government takes over the lender, Wall Street Journal reported, citing unidentified people familiar with the matter.

• A seizure and sale of First Republic Bank by the Federal Deposit Insurance Corp. could come as soon as this weekend, the newspaper said
• NOTE: First Republic’s Fate Uncertain After Stock’s Harrowing Tumble

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Eduard Gismatullin in Bangkok at egismatullin@bloomberg.net

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