FDIC Set to Place First Republic Under Receivership, Reuters Reports
28 Abril 2023 - 6:51PM
Dow Jones News
-The U.S. Federal Deposit Insurance Corp. is preparing to put
First Republic Bank under receivership imminently, Reuters reports,
citing a an unnamed source familiar with the matter.
-The regional bank's position has deteriorated further and there
it no more time to pursue a rescue through the private sector,
Reuters reports.
Full article at https://shorturl.at/aflJ2
Write to (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 28, 2023 17:36 ET (21:36 GMT)
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