JPMorgan, PNC Bid to Buy First Republic Bank After FDIC Takeover – Seizure and Sale Could Come as Soon as This Weekend
Another bank failure in Joe Biden’s America. JPMorgan Chase & Co and and PNC Financial Services have put in bids to buy First Republic Bank, according to The Wall Street Journal. The bank sale will happen after the FDIC takes over the institution. “A seizure and sale of First Republic could come as soon as…