JPMorgan Chase, Bank of America asked for final bids on First Republic

U.S. regulatory authorities have requested banks to submit their final takeover offers for First Republic by Sunday afternoon.

This measure aims to bring stability to the markets and alleviate the uncertainty surrounding regional lenders, as reported by CNBC

Sources familiar with the matter suggest that JPMorgan Chase and PNC are likely contenders for acquiring the struggling lender.

"Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic"
READ MORE: https://www.cnbc.com/2023/04/29/first-republic-frc-jpmorgan-chase-bank-of-america-asked-for-bids.html

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