Fifth Third Bancorp was one the banks that submitted final bids for First Republic Bank on Sunday before it was sold to JPMorgan Chase & Co , people familiar with the matter said.
that followed the troubled lender being taken over by the Federal Deposit Insurance Corporation .
The terms of Fifth Third's offer could not be learned. The sources requested anonymity because the matter is confidential. Fifth Third and the FDIC did not immediately respond to a request for comment. Reporting by Anirban Sen and David French in New York Additional reporting by Saeed Azhar in New York and Peter Schroeder in Washington, D.C. Editing by Greg Roumeliotis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Regulators Seize First Republic Bank, Sell to JPMorgan Chase in Third Major Bank Failure of 2023NEW: Regulators seize troubled First Republic Bank and sell all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.
Read more »
JPMorgan Chase to take over most assets of First Republic BankSan Francisco-based First Republic is the third midsize bank to fail in two months.
Read more »
FDIC accepts JPMorgan Chase Bank's purchase of First Republic BankSan Francisco-based First Republic is the third midsize bank to fail in two months.
Read more »
FDIC accepts JPMorgan Chase Bank's purchase of First Republic BankSan Francisco-based First Republic is the third midsize bank to fail in two months.
Read more »
FDIC accepts JPMorgan Chase Bank's purchase of First Republic BankSan Francisco-based First Republic is the third midsize bank to fail in two months.
Read more »
FDIC accepts JPMorgan Chase Bank's purchase of First Republic BankSan Francisco-based First Republic is the third midsize bank to fail in two months.
Read more »