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A person walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California. First Republic shares lost over 60 percent on Monday even after regulators took actions Sunday evening to backstop all depositors in failed Silicon Valley Bank and Signature Bank and offer additional funding to other troubled institutions. (Photo by Justin Sullivan/Getty Images)The Federal Deposit Insurance Corp. has asked banks including JPMorgan Chase & Co., PNC Financial Services Group Inc., US Bancorp and Bank of America Corp. to submit final bids.
Originally published at Bloomberg