Federal regulators were working through the weekend to take over and sell First Republic Bank, an effort to bring an end to the regional banking crisis that began seven weeks.
Federal regulators were working through the weekend to take over and sell First Republic Bank, an effort to bring an end to the regional banking crisis that began seven weeks ago with the collapse of Silicon Valley Bank. The goal is to have the operation, which is being managed by the Federal Deposit Insurance Corporation, wrapped up before the financial markets open on Monday, the New York Times reports.
