First Republic Bank is most likely headed for Federal Deposit Insurance Corp (FDIC) receivership, CNBC reported on Friday citing sources.
A sign reads ?FDIC Insured? on the door of a branch of First Republic Bank in Boston, Massachusetts, U.S., March 13, 2023.
Brian Snyder/File Photo/File Photois most likely headed for Federal Deposit Insurance Corp receivership, CNBC reported on Friday citing sources.The bank did not immediately respond to a Reuters request for comment.Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri
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