#BankingCrisis Charlie @CGasparino reports on First Republic *****mfyrUOhBv5
— Dale Pinkert (@ForexStopHunter) March 17, 2023
https://www.foxbusiness.com/markets/first-republic-bank-headed-possible-sale-institutional-bailout
Many of the institutions involved in the bailout of the beleaguered First Republic Bank are also said to be looking to make a possible purchase of the San-Francisco-based institution, Fox Business has learned.
Those said to be interested include Morgan Stanley and PNC Bank — several of the same firms that put up the $30 billion in bailout money to keep First Republic from following Silicon Valley Bank (SVB), Signature Bank and Silvergate into insolvency, according to people with direct knowledge of the matter.