A source with knowledge of the matter said Friday that the US Federal Deposit Insurance Corporation (FDIC) is preparing to turn the First Republic over to a trustee soon.
According to Reuters, the FDIC has decided that the deterioration in First Republic Bank’s situation will not allow more time to avoid a trustee appointment, so the appointment of a trustee will take place soon.
According to sources, the bank will be confiscated and the bank will be closed.
Details are coming…
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Source: Bitcoinsistemi.com