Trending

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.

 

 

Click to read full article

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.