CNBC: Bank of America is also considering bidding for First Republic Bank
ChainCatcher news, according to CNBC, U.S. regulators have asked banks to submit their best and final bids for the acquisition of First Republic, hoping to calm market sentiment and bring an end to the uncertain period for regional banks.
According to informed sources, JPMorgan and PNC Financial Services Group may be bidders for First Republic Bank. Other companies may also follow suit, as CNBC learned that Bank of America is one of several other institutions considering a bid for First Republic. (source link)
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