Month: April 2023

FDIC Works Overtime To Announce A First Republic Takeover By Late Sunday, Reports Say. Rumor Suggests PNC Might Prevail Over Bigger Peers. – Bank of America (NYSE:BAC), PNC Finl Servs Gr (NYSE:PNC), Citizens Financial Group (NYSE:CFG), First Republic Bank (NYSE:FRC), JPMorgan Chase (NYSE:JPM)

First Republic Bank’s FRC fate may soon be sealed. Multiple media outlets earlier reported that the beleaguered regional bank would soon be taken over by the Federal Deposit Insurance Corporation…