JPMorgan and PNC, two of the country’s largest banks, are said to be interested in acquiring the troubled lender after it is seized by the Federal Deposit Insurance Corporation.
Tag: First Republic Bank
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First Republic’s Shares Slide as Its Fate Remains Uncertain
Among investors at least, First Republic’s troubles seem contained to the bank itself. The S&P 500 and an index of bank stocks were higher on Friday.
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First Republic Lurches as It Struggles to Find a Savior
The bank is sitting on big losses and paying more to borrow money than it is making on its loans to homeowners and businesses.
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U.K. Watchdog Blocks Microsoft’s Bid to Buy Activision
The British antitrust watchdog blocked the takeover attempt, in a decision that will be closely watched in Washington and Brussels.
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First Republic Bank Enters New Free Fall as Concerns Mount
The bank’s shares fell by about 50 percent on Tuesday, a day after it said customers had pulled $100 billion in deposits in the first quarter.