{"id":70058,"date":"2023-05-01T12:29:39","date_gmt":"2023-05-01T06:59:39","guid":{"rendered":"https:\/\/www.the-next-tech.com\/?post_type=web-story&#038;p=70058"},"modified":"2023-05-01T12:29:45","modified_gmt":"2023-05-01T06:59:45","slug":"fdic-asked-for-final-bids-on-first-republic-bank","status":"publish","type":"web-story","link":"https:\/\/www.the-next-tech.com\/web-stories\/fdic-asked-for-final-bids-on-first-republic-bank\/","title":{"rendered":"FDIC Asked For Final Bids On First Republic Bank"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link 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poster-portrait-src=\"https:\/\/s3.amazonaws.com\/static.the-next-tech.com\/wp-content\/uploads\/2023\/05\/01122838\/Frame-4-20.jpg\"><amp-story-page id=\"5b18d796-d620-47a6-83fc-a9511721d5eb\" auto-advance-after=\"11s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#a2d6fe\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-d3231b4e-ad87-436d-94bb-74c6a2121ecc\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-1.69903%;top:37.05502%;width:102.91262%;height:68.60841%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f16732f0-90c1-4306-adba-46290a9907b2\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/premium-vector\/man-put-coin-court-hammer-metaphor-corruption-bribe_8073-894.jpg?w=740\" alt=\"man-put-coin-court-hammer-metaphor-corruption-bribe_8073-894.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:12.13592%;width:76.69903%;height:19.57929%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6329113924050633% 0.6329113924050633% 0.6329113924050633% 0.6329113924050633% \/ 1.6528925619834711% 1.6528925619834711% 1.6528925619834711% 1.6528925619834711%\" id=\"el-a37ec5f8-b342-42e9-bcdb-3f413961af66\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.29762658227847993% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.533981em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"Federal_Regulators_Set_To_Seize_Sell_First_Bank\"><\/span><span><span style=\"font-weight: 700; color: #a4133c\">Federal Regulators Set To Seize &amp; Sell First Bank<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"0fa39ec9-4673-42dc-8b25-c8d8060226e6\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#000\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-8f6c5a42-db07-4f44-a574-1f0529c8811c\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-10.43689%;top:-9.54693%;width:121.1165%;height:121.19741%;opacity:1\">\n<div id=\"anim-fafcf294-32a0-40af-a8a0-c9b16a520d96\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(1)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-416b08b3-b5c3-4028-9213-4b2f7736f393\">\n<div style=\"position:absolute;width:100.0668%;height:100%;left:-0.0334%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/free-photo\/top-view-career-guidance-items-judges_23-2149443471.jpg?w=360&amp;t=st=1682919823~exp=1682920423~hmac=84ac8753250df30d03689a473b68268face6d85680943152db8acdbabc672dd0\" alt=\"top-view-career-guidance-items-judges_23-2149443471.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:62.29773%;width:76.45631%;height:37.21683%;opacity:1\">\n<div id=\"anim-418266ed-8092-43ae-877e-e762050d8f69\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f03d4e3e-1072-49bc-b454-31a95a0aef83\">\n<div class=\"fill\" style=\"background-color:rgba(0,0,0,0.5);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:16.26214%;top:66.01942%;width:67.96117%;height:29.77346%;opacity:1\">\n<div id=\"anim-d4742739-da00-4535-b994-968e9af8af00\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7142857142857143% 0.7142857142857143% 0.7142857142857143% 0.7142857142857143% \/ 1.0869565217391304% 1.0869565217391304% 1.0869565217391304% 1.0869565217391304%\" id=\"el-6b5a3dcd-240f-4db8-8f49-beaa4ddb4ca8\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.11049107142857117% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.355987em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"US_regulators_asked_banks_to_submit_their_best_and_last_takeover_bids_for_First_Republic_Authorities_hope_this_will_end_a_period_where_regional_lenders_have_been_in_uncertainty\"><\/span><span><span style=\"font-weight: 700; color: #fff\">U.S. regulators asked banks to submit their best and last takeover bids for First Republic. Authorities hope this will end a period where regional lenders have been in uncertainty.&nbsp;<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"ce174897-2a4f-4191-b5ea-22ea7323028e\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-9cbfc2e6-3d9b-43c3-89e1-678631bf039f\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":300,\"duration\":2000,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-aacbfb3c-4a91-4bfc-851b-3cd700f215e6\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":300,\"duration\":2000,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#f6e7d4\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-089d2032-bc77-456c-bbb8-8f589281b7cd\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-5.82524%;top:67.79935%;width:111.65049%;height:41.58576%;opacity:1\">\n<div id=\"anim-9cbfc2e6-3d9b-43c3-89e1-678631bf039f\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-6f97fae5-a6dc-411c-9b68-b1c2160d5a89\">\n<div style=\"position:absolute;width:100%;height:100.65411%;left:0%;top:-0.32706%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.economist.com\/cdn-cgi\/image\/width=834,quality=80,format=auto\/media-assets\/image\/20230429_FNP501.jpg\" alt=\"20230429_FNP501.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.8932%;top:13.43042%;width:75.72816%;height:31.39159%;opacity:1\">\n<div id=\"anim-aacbfb3c-4a91-4bfc-851b-3cd700f215e6\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.641025641025641% 0.641025641025641% 0.641025641025641% 0.641025641025641% \/ 1.0309278350515463% 1.0309278350515463% 1.0309278350515463% 1.0309278350515463%\" id=\"el-3a84263c-37eb-4dc8-b2c8-e5c95e2ecbe8\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.21009615384615385% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"JPMorgan_Chase_and_PNC_would_likely_bid_for_the_failing_lender_The_bank_would_then_be_placed_in_receivership_and_sold_immediately_to_the_winning_institution\"><\/span><span><span style=\"font-weight: 700; color: #a4133c\">JPMorgan Chase and PNC would likely bid for the failing lender. 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style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-84691358-e3bd-426b-b408-aec46cea7685\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-34.70874%;top:47.89644%;width:169.17476%;height:63.75405%;opacity:1\">\n<div id=\"anim-64d3ad7b-a65c-4ef1-818a-7821cb06b08d\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-1f62e944-a33a-4720-9f17-18e51c6345f9\" class=\"animation-wrapper\" 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id=\"anim-be768bcc-475d-4b0d-b241-370a61c8e938\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0px, -171.39601%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6600660066006601% 0.6600660066006601% 0.6600660066006601% 0.6600660066006601% \/ 1.0256410256410255% 1.0256410256410255% 1.0256410256410255% 1.0256410256410255%\" id=\"el-658aaf0a-7631-489d-aeca-d2a0ceb610a2\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.2163366336633663% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"Bank_of_America_decided_not_to_submit_a_final_offer_after_participating_in_previous_discussions_This_information_was_provided_by_people_who_are_familiar_with_the_situation\"><\/span><span><span style=\"font-weight: 700; color: #fff599\">Bank of America decided not to submit a final offer after participating in previous discussions. This information was provided by people who are familiar with the situation.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"61a2537d-5041-4b1b-b809-c86a9cd2001b\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-e1425481-b097-447c-a6dd-df4d0347af04\",\"keyframes\":{\"transform\":[\"translate3d(-87.23022%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-7a23b6e4-3b58-454c-bb5e-f0105e61def7\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-cad7e8b7-72c6-4c25-b0c1-0590ef22419d\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-92aaf453-41c9-45c9-90dd-f2da76240a5b\",\"keyframes\":{\"transform\":[\"translate3d(118.15181%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-b398bcd3-32b7-4baa-95cd-88241f41107b\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-90c3148d-b896-4e9f-936c-7febafed0f9b\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#f3e9dd\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-d7219dcb-7ff0-46f4-9744-edfa7f1d3460\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-17.23301%;top:51.61812%;width:134.95146%;height:57.60518%;opacity:1\">\n<div id=\"anim-e1425481-b097-447c-a6dd-df4d0347af04\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-87.23022%, 0px, 0)\">\n<div id=\"anim-7a23b6e4-3b58-454c-bb5e-f0105e61def7\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-cad7e8b7-72c6-4c25-b0c1-0590ef22419d\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-54e67990-ccb6-4f5d-94f5-3b34be361968\">\n<div style=\"position:absolute;width:100%;height:100.03948%;left:0%;top:-0.01974%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/premium-vector\/disappointed-with-investment-financial-crisis-business-bankruptcy-stock-price-fell-lower-losing-money-businessman-worrying-about-financial-crisis_327176-1048.jpg?w=740\" alt=\"disappointed-with-investment-financial-crisis-business-bankruptcy-stock-price-fell-lower-losing-money-businessman-worrying-about-financial-crisis_327176-1048.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:13.1068%;top:12.94498%;width:73.54369%;height:22.16828%;opacity:1\">\n<div id=\"anim-92aaf453-41c9-45c9-90dd-f2da76240a5b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(118.15181%, 0px, 0)\">\n<div id=\"anim-b398bcd3-32b7-4baa-95cd-88241f41107b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-90c3148d-b896-4e9f-936c-7febafed0f9b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6600660066006601% 0.6600660066006601% 0.6600660066006601% 0.6600660066006601% \/ 1.4598540145985401% 1.4598540145985401% 1.4598540145985401% 1.4598540145985401%\" id=\"el-63ccdf1e-78dc-4758-bc01-b20713d2053f\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.10674504950495013% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"First_Republic_shares_plunged_last_weekend_after_the_company_admitted_that_customers_withdrew_100bn_of_deposits_in_March\"><\/span><span><span style=\"font-weight: 700; color: #c24141\">First Republic shares plunged last weekend after the company admitted that customers withdrew $100bn of deposits in March.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"8080098c-6e46-431e-9095-7034ff816d5e\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-b450260a-c581-4e28-9286-552773a59af0\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-9ad689bf-6414-45fa-a113-d88b105b01b7\",\"keyframes\":{\"transform\":[\"translate3d(-93.12977%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-e02f52b7-1975-454a-b59d-1f3e877eae0f\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-877f123f-a8fd-44e4-8747-80e6a538df21\",\"keyframes\":{\"transform\":[\"translate3d(115.55555%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-6d48a8d7-50d1-4e1b-9977-654d16a5dbfd\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-c337a879-abab-4236-a0d8-ec99e5ee39e0\",\"keyframes\":{\"transform\":[\"translate3d(128.62597%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#000\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a8cd7405-7a60-4d32-aaf5-79de88e7e508\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-8.73786%;top:-19.09385%;width:127.18447%;height:128.31715%;opacity:1\">\n<div id=\"anim-b450260a-c581-4e28-9286-552773a59af0\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-9ad689bf-6414-45fa-a113-d88b105b01b7\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-93.12977%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-5bbb2452-8fa3-49a7-8e23-dd12b7607d8b\">\n<div style=\"position:absolute;width:100%;height:100.03503%;left:0%;top:-0.01752%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/premium-photo\/new-york-stock-exchange-wall-street-lower-manhattan-usa-it-is-called-nyse-short_250132-17881.jpg?w=360\" alt=\"new-york-stock-exchange-wall-street-lower-manhattan-usa-it-is-called-nyse-short_250132-17881.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:63.91586%;width:76.45631%;height:32.68608%;opacity:1\">\n<div id=\"anim-e02f52b7-1975-454a-b59d-1f3e877eae0f\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-877f123f-a8fd-44e4-8747-80e6a538df21\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(115.55555%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-0d9cec31-0e27-44dd-944e-216f342d1a28\">\n<div class=\"fill\" style=\"background-color:rgba(0,0,0,0.45);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:18.20388%;top:68.60841%;width:63.59223%;height:23.13916%;opacity:1\">\n<div id=\"anim-6d48a8d7-50d1-4e1b-9977-654d16a5dbfd\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-c337a879-abab-4236-a0d8-ec99e5ee39e0\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(128.62597%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7633587786259541% 0.7633587786259541% 0.7633587786259541% 0.7633587786259541% \/ 1.3986013986013985% 1.3986013986013985% 1.3986013986013985% 1.3986013986013985%\" id=\"el-3746bf37-420e-4ff0-ade5-dbd22ceb01a9\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.12881679389312922% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"In_March_11_US_banks_stepped_forward_to_pump_30bln_in_First_Republic_to_try_to_stabilize_the_business\"><\/span><span><span style=\"font-weight: 700; color: #fff\">In March, 11 US banks stepped forward to pump $30bln in First Republic to try to stabilize the business.&nbsp;<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"0835ba33-0053-4434-b4fe-5cc1c0a56146\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-683107c8-3240-422d-b215-4ae96fdd4a3b\",\"keyframes\":[{\"transform\":\"scale(1)\",\"offset\":0},{\"transform\":\"scale(1.5)\",\"offset\":0.33},{\"transform\":\"scale(0.95)\",\"offset\":0.66},{\"transform\":\"scale(1)\",\"offset\":1}],\"delay\":0,\"duration\":1450,\"easing\":\"ease-in-out\",\"fill\":\"both\",\"iterations\":1}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-2b512735-533c-42ed-a138-68e16e13fa75\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-f045727f-84af-4e8c-b352-b282eedd0c41\",\"keyframes\":{\"transform\":[\"translate3d(0px, -181.2743%, 0)\",\"translate3d(0px, 0px, 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style=\"position:absolute;pointer-events:none;left:-1.21359%;top:40.61489%;width:102.91262%;height:68.60841%;opacity:1\">\n<div id=\"anim-683107c8-3240-422d-b215-4ae96fdd4a3b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(1)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-47abb180-1330-46fd-882a-8835f16220e1\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/free-vector\/realistic-style-bankruptcy-concept_23-2148507555.jpg?w=740&amp;t=st=1682922114~exp=1682922714~hmac=0681a8a9ff86baea3d2ee25114b0b7419478bf1f709cd06a46849278e91a7fe0\" alt=\"realistic-style-bankruptcy-concept_23-2148507555.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div 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style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.11759581881533052% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"First_Republics_value_in_the_market_had_fallen_to_557_million_by_Friday_which_was_40_billion_in_November_2021\"><\/span><span><span style=\"font-weight: 700; color: #8b1236\">First Republic&#8217;s value in the market had fallen to $557 million by Friday which was $40 billion in November 2021.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"d54a97a1-58ec-4d0a-a74c-94975d1c6c66\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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id=\"el-26ff6466-1e16-4bd8-9cef-0287be578690\">\n<div style=\"position:absolute;width:100%;height:100.06762%;left:0%;top:-0.03381%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/ibctIGRforB8\/v1\/1200x800.jpg\" alt=\"1200x800.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:13.1068%;top:6.47249%;width:73.54369%;height:27.6699%;opacity:1\">\n<div id=\"anim-412cd64b-9d31-4d7d-96d9-a19e26987291\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-923cd1be-cb9b-4520-950e-4fc202db8efe\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(118.15181%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6600660066006601% 0.6600660066006601% 0.6600660066006601% 0.6600660066006601% \/ 1.1695906432748537% 1.1695906432748537% 1.1695906432748537% 1.1695906432748537%\" id=\"el-db5ad1ab-fe66-4494-8583-8bd071c41e41\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.11138613861386092% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"First_Republic_has_wealthy_clients_who_are_at_risk_of_losing_their_money_if_they_cannot_find_a_buyer_The_FDIC_covers_deposits_up_to_250000_in_the_US\"><\/span><span><span style=\"font-weight: 700; color: #a4133c\">First Republic has wealthy clients who are at risk of losing their money if they cannot find a buyer. The FDIC covers deposits up to $250,000 in the US.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Deposit Insurance Corp. is leading the effort after First Republic shares have fallen 75% since the bank announced that more than half its deposits had been withdrawn by customers on Monday.<\/p>\n","protected":false},"author":152,"featured_media":70060,"template":"","meta":{"web_stories_publisher_logo":59216,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[23911,19569,23917,23912,23909,23908,23904,23906,21136,23918,23513,21889,23921,13876,23905,23916,23913,23907,23914,23910,23928,23915,23902,23903,21562,23919,21112,23920,23922,23542,23924,23923,23926,23927,23925],"class_list":["post-70058","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"story_data":{"version":46,"pages":[{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"type":"shape","id":"d3231b4e-ad87-436d-94bb-74c6a2121ecc"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"scale":100,"focalX":50,"focalY":50,"resource":{"type":"image","mimeType":"image\/jpeg","width":740,"height":740,"sizes":[],"isPlaceholder":false,"isExternal":true,"needsProxy":true,"src":"https:\/\/img.freepik.com\/premium-vector\/man-put-coin-court-hammer-metaphor-corruption-bribe_8073-894.jpg?w=740","id":"23d16de5-ef06-4de3-aa10-b6c89738d25d","alt":"man-put-coin-court-hammer-metaphor-corruption-bribe_8073-894.jpg","baseColor":"#a3d3fb"},"type":"image","x":-7,"y":229,"width":424,"height":424,"mask":{"type":"rectangle","showInLibrary":true,"name":"Rectangle","path":"M 0,0 1,0 1,1 0,1 0,0 Z","ratio":1,"supportsBorder":true},"id":"f16732f0-90c1-4306-adba-46290a9907b2"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"NONE","font":{"family":"Merriweather","fallbacks":["serif"],"weights":[300,400,700,900],"styles":["italic","regular"],"variants":[[0,300],[1,300],[0,400],[1,400],[0,700],[1,700],[0,900],[1,900]],"service":"fonts.google.com","metrics":{"upm":1000,"asc":984,"des":-273,"tAsc":984,"tDes":-273,"tLGap":0,"wAsc":1065,"wDes":273,"xH":555,"capH":743,"yMin":-272,"yMax":1055,"hAsc":984,"hDes":-273,"lGap":0}},"fontSize":33,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"lineHeight":1.2,"textAlign":"center","padding":{"locked":true,"hasHiddenPadding":false,"horizontal":0,"vertical":0},"type":"text","content":"<span style=\"font-weight: 700; color: #a4133c\">Federal Regulators Set To Seize &amp; Sell First Bank<\/span>","borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"x":48,"y":75,"width":316,"height":121,"id":"a37ec5f8-b342-42e9-bcdb-3f413961af66"}],"backgroundColor":{"color":{"r":162,"g":214,"b":254}},"type":"page","id":"5b18d796-d620-47a6-83fc-a9511721d5eb"},{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"type":"shape","id":"8f6c5a42-db07-4f44-a574-1f0529c8811c"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"scale":100,"focalX":50,"focalY":50,"resource":{"type":"image","mimeType":"image\/jpeg","width":360,"height":540,"sizes":[],"isPlaceholder":false,"isExternal":true,"needsProxy":true,"src":"https:\/\/img.freepik.com\/free-photo\/top-view-career-guidance-items-judges_23-2149443471.jpg?w=360&t=st=1682919823~exp=1682920423~hmac=84ac8753250df30d03689a473b68268face6d85680943152db8acdbabc672dd0","id":"4eebb3d1-c95e-494e-86b3-a88b3206c543","alt":"top-view-career-guidance-items-judges_23-2149443471.jpg","baseColor":"#d9c7b2"},"type":"image","x":-43,"y":-59,"width":499,"height":749,"mask":{"type":"rectangle","showInLibrary":true,"name":"Rectangle","path":"M 0,0 1,0 1,1 0,1 0,0 Z","ratio":1,"supportsBorder":true},"id":"416b08b3-b5c3-4028-9213-4b2f7736f393"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"backgroundColor":{"color":{"r":0,"g":0,"b":0,"a":0.5}},"type":"shape","x":48,"y":385,"width":315,"height":230,"mask":{"type":"rectangle"},"id":"f03d4e3e-1072-49bc-b454-31a95a0aef83"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"NONE","font":{"family":"Roboto","weights":[100,300,400,500,700,900],"styles":["italic","regular"],"variants":[[0,100],[1,100],[0,300],[1,300],[0,400],[1,400],[0,500],[1,500],[0,700],[1,700],[0,900],[1,900]],"fallbacks":["Helvetica Neue","Helvetica","sans-serif"],"service":"fonts.google.com","metrics":{"upm":2048,"asc":1900,"des":-500,"tAsc":1536,"tDes":-512,"tLGap":102,"wAsc":1946,"wDes":512,"xH":1082,"capH":1456,"yMin":-555,"yMax":2163,"hAsc":1900,"hDes":-500,"lGap":0}},"fontSize":22,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"lineHeight":1.2,"textAlign":"center","padding":{"locked":true,"hasHiddenPadding":false,"horizontal":0,"vertical":0},"type":"text","content":"<span style=\"font-weight: 700; color: #fff\">U.S. regulators asked banks to submit their best and last takeover bids for First Republic. 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