The U.S. Federal Deposit Insurance Corporation is preparing to place First Republic under receivership imminently, Reuters reports, citing a person familiar with the matter. Reference Link
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on FRC:
- First Republic falls -50.1%
- Barr says ‘must strengthen’ Fed supervision, regulation after Silicon Valley
- First Republic sinks after CNBC says receivership most likely option
- First Republic in talks with multiple parties, window ‘closing fast,’ CNBC says
- U.S. government bodies lead talks for First Republic, Reuters reports