The most likely outcome for First Republic is for the Federal Deposit Insurance Corporation to take it into receivership, sources told CNBC’s David Faber, reports Jesse Pound. However, there is still hope for a solution that doesn’t include receivership, sources told Faber. First Republic told CNBC on Friday that it is "engaged in discussions with multiple parties about our strategic options while continuing to serve our clients." Shares of First Republic are down 19% to $4.99 in morning trading. Reference Link
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