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By Chris Prentice, Saeed Azhar, Lananh Nguyen and Paritosh Bansal (Reuters) - U.S. regulators are trying to clinch a sale of First Republic Bank over the weekend, with roughly half a dozen banks bidding, sources
By Chris Prentice, Saeed Azhar, Lananh Nguyen and Paritosh Bansal
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April 29 (Reuters) - U.S. regulators were trying to get the sale of First Republic Bank ( FRCN. ) over the weekend, with nearly half a dozen banks
US regulators are trying to clinch a sale of First Republic Bank (FRC.N) over the weekend, with roughly half a dozen banks bidding, sources said on Saturday, in what is likely to be the third major US bank to fail in two months.
The interested banks are currently evaluating options and it is likely that lenders will bid for all of First Republic's deposits, a sizable chunk of its assets, and some of its liabilities