Today news
About the same in other media
Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic
Reading now: 587
cnbc.comU.S. regulators have asked banks for their best and final takeover offers for First Republic by Sunday afternoon, in a move that authorities hope will calm markets and cap a period of uncertainty for regional lenders.
JPMorgan Chase and PNC are likely bidders for the ailing lender, which would be seized in receivership and immediately sold to the winning bank, according to people with knowledge of the situation. The Wall Street Journal reported those banks' interest late Friday.
Other companies are likely to step up. Bank of America is among several other institutions that are weighing a potential bid for First Republic, according to people with knowledge of the matter.
This is breaking news. Please check back for updates.
Read more on cnbc.comAbout this in other media
JPMorgan’s Jamie Dimon gets a second chance with First Republic buy fnlondon.com /1 year ago
Jamie Dimon: 'This part of the crisis is over' after JPMorgan Chase acquires First Republic cnbc.com /1 year ago
Stocks making the biggest moves premarket: First Republic, JPMorgan Chase, SoFi Technologies & more cnbc.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
