(CNBC) U.S. regulators have asked banks for their best and final takeover offers for First Republic in a move that authorities hope will calm markets and cap a period of uncertainty for regional lenders. JPMorgan Chase and PNC are likely bidders for the ailing lender, which would be seized in receivership and immediately sold to the winning bank.
Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic
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