{"id":1989,"date":"2023-04-29T10:40:19","date_gmt":"2023-04-29T14:40:19","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/first-republic-seen-drawing-bids-from-jpmorgan-and-pnc-amid-report-of-imminent-fdic-seizure\/"},"modified":"2023-04-29T10:40:20","modified_gmt":"2023-04-29T14:40:20","slug":"first-republic-seen-drawing-bids-from-jpmorgan-and-pnc-amid-report-of-imminent-fdic-seizure","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=1989","title":{"rendered":"First Republic seen drawing bids from JPMorgan and PNC amid report of ‘imminent’ FDIC seizure"},"content":{"rendered":"
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First Republic Bank FRCis said to be drawing bids from lenders JPMorgan Chase & Co. JPM and PNC Financial Services Group PNC, according to the Wall Street Journal late Friday night, citing people familiar with the matter. <\/p>\n

The San Francisco-based lender has lost nearly all of its value so far this year after tumbling 43% on Friday, amid reports that the financial institution\u2019s condition had deteriorated so far as to make a private-sector rescue difficult, with an outright government bailout of the lender seen unlikely. <\/p>\n

…\n <\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

First Republic Bank FRCis said to be drawing bids from lenders JPMorgan Chase & Co. JPM and PNC Financial Services Group PNC, according to the Wall Street Journal late Friday night, citing people familiar with the matter. The San Francisco-based lender has lost nearly all of its value so far this year after tumbling 43% […]<\/p>\n","protected":false},"author":1,"featured_media":1990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-1989","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nFirst Republic seen drawing bids from JPMorgan and PNC amid report of 'imminent' FDIC seizure | iFintechWorld<\/title>\n<meta name=\"description\" content=\"First Republic Bank FRCis said to be drawing bids from lenders JPMorgan Chase & Co. 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