Regulators Prepare to Take Over Struggling First Republic Bank
- First Republic Bank has lost over $100 billion in customer deposits and its stock price has plummeted.
- The FDIC is expected to take First Republic into receivership after rescue efforts failed.
- JPMorgan and other large banks are potential buyers if the FDIC seizes First Republic.
- The collapse of Silicon Valley Bank in March intensified troubles at First Republic.
- First Republic's wealthy client base and real estate lending practices proved unsustainable.