PNC Financial Services is on the inside track of bidding on First Republic Bank, as the bidding deadline looms and the struggling bank's stock were free-fall earlier this month
has the inside track in bidding on First Republic Bank as the Sunday deadline looms, Fox News Digital has learned.
The Federal Deposit Insurance Corp. asked JPMorgan Chase & Co., PNC Financial Services Group, and other banks to send final bids for First Republic Bank by Sunday after the federal corporation gauged interest last week, according to sources. told Fox News Digital that the banks have conceded PNC Bank has the inside track on bidding.
Sources previously told Fox News that there were five potential bidders, including JPMorgan Chase & Co. and PNC.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
PNC, JPMorgan putting in final bids for First Republic Bank in FDIC auctionRegulators have been trying to arrange a sale of First Republic over the weekend, with roughly half a dozen banks bidding, in what is likely to be the third major U.S. bank to fail in two months.
Weiterlesen »
First Republic seen drawing bids from JPMorgan and PNC amid report of 'imminent' FDIC seizureLenders including PNC Financial Services and JPMorgan Chase & Co., are said to be bidding for First Republic Bank, whose shares have been under pressure.
Weiterlesen »
US FDIC asks JPMorgan, PNC for final First Republic bids due Sunday - Bloomberg NewsThe U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan Chase & Co 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.
Weiterlesen »
FDIC asks JPMorgan, PNC for final First Republic bids, Bloomberg reportsThe U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan Chase & Co 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.
Weiterlesen »
FDIC asks JPMorgan, PNC for final First Republic bids: BloombergThe U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan Chase & Co 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.
Weiterlesen »