US FDIC asks JPMorgan, PNC for final First Republic bids due Sunday – Bloomberg News

The U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan  and PNC Financial Services Group to submit final bids for First Republic Bank by Sunday after gauging their initial interest earlier in the week, Bloomberg News reported on Saturday. The banking regulator reached out to banks late Thursday seeking indications of interest, including a proposed price and estimated [...]