NYT: FDIC PREPARES TO SEIZE & SELL FIRST REPUBLIC BANK, THE USA's 14th LARGEST BANK

JPMorgan, PNC & Bank of America Are Said To Be Interested In Acquiring The Troubled Lender AFTER It Is Seized By The FDIC..... At A Fire Sale Price. A 97% Discount. FDIC Is Eager To Sell At Any Price.

Apr 30, 2023

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NYT: FDIC PREPARES TO SEIZE & SELL FIRST REPUBLIC BANK, THE USA's 14th LARGEST BANK

JPMorgan, PNC & Bank of America Are Said To Be Interested In Acquiring The Troubled Lender AFTER It Is Seized By The FDIC..... At A Fire Sale Price. A 97% Discount. FDIC Is Eager To Sell At Any Price. (Hell it’s not their money so why would they care?)

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