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First Republic: "The window is closing fast" - report
CNBC's David Faber notes that the government is reluctant to get involved in a private-sector led rescue of First Republic Bank."As we head into the weekend... the government's lack of wanting to be involved in a market solution, leads you to another solution," Faber said. He hinted that the FDIC could take over the bank as soon as this weekend."The window is closing fast" he said a source involved told him.The company also had a statement saying "we are engaged in discussions" on a solution.Sha...
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Posted: Apr 28 2023, 13:19
Author Name: forexlive
Views: 081926