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Cryptopolitan
2023-04-29 18:00:46

FDIC demands final bids from JPMorgan and PNC for First Republic

FDIC demands final bids from JPMorgan and PNC for First Republic

The Federal Deposit Insurance Corporation (FDIC) has set a deadline for JPMorgan Chase & Co and PNC Financial Services Group to submit their final bids for the acquisition of First Republic Bank. This comes as First Republic’s financial situation continues to decline, raising concerns that it may soon be placed under receivership. As major banks … FDIC demands final bids from JPMorgan and PNC for First Republic Read More »

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