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Struggling First Republic on verge of a takeover by feds: report

Por: New York Post Business April 29, 2023

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The Federal Deposit Insurance Corporation is preparing to place  imminently, a person familiar with the matter said Friday, sending shares of the lender down more than 40% in extended trading. The US banking regulator decided the troubled regional lender’s position has deteriorated and there is no more time to pursue a rescue through the private sector, the source told Reuters, requesting anonymity because the matter is confidential. If the... + full article



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