Feds Rush To Auction First Republic Bank, Deal By Sunday

  • Federal regulators are this weekend trying to close a sale of First Republic Bank, the third major U.S. bank to fail in two months.
  • Roughly a half -dozen banks are reportedly bidding to by the bank.
  • The auction is being┬árun by the Federal Deposit Insurance Corp,
  • A deal is expected to be announced on Sunday night, before Asian markets open, according to Reuters.



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