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JPMorgan, PNC Bidding for First Republic as Part of FDIC Takeover

Big banks including JPMorgan Chase & Co. and PNC Financial Services Group Inc. are vying to buy First Republic Bank in a deal that would follow a government seizure of the troubled lender, according to people familiar with the matter.

A seizure and sale of First Republic by the Federal Deposit Insurance Corp. could come as soon as this weekend, the people said.

FDIC

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JPMorgan, PNC Bidding for First Republic as Part of FDIC Takeover

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