Live: Feds Scramble for First Republic Deal Before Market Opens

1 year ago
55

Financial regulators and banking industry players are clambering at the last minute to seal a deal to sell off the assets remaining following the collapse of First Republic Bank. There is no easy option available as someone will be left absorbing tens of billion in losses as the government struggles to assure the public that the financial system is "strong and resilient." But the clock is ticking.

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