WSJ: First Republic Bank may be seized and sold over the weekend, with major banks like JPMorgan Chase competing to acquire it

ChainCatcher news, according to a report by The Wall Street Journal citing informed sources, large banks including JPMorgan and PNC Financial Services Group are competing to acquire First Republic Bank, with the transaction expected to take place after the government takes over the troubled bank.

Informed sources indicate that First Republic Bank could be seized and sold as early as this weekend. (Source link)