Tender, the new solution of the US government to get out of the banking crisis

According to the report of Fars News Agency’s International Economy correspondent, informed sources say: American government institutions are trying to sell the troubled First Republic Bank in a tender in the coming days.

It is said that several American banks are going to participate in this tender. First Republic is the third bank to suffer a crisis in the last two months in the United States, as two other banks were closed by the American government after the lack of liquidity and inability to repay customer deposits.

Reports show that JPMorgan and Citizen Financial banks are among the banks that want to participate in First Republic’s tender.

Called; The said tender is supposed to be done by the deposit insurance institution of the American government.

The process of acquiring this bank has been started for a few days by the Federal Deposit Insurance Corporation of America, and now the parties who want to participate in this tender are examining the financial situation of First Republic Bank. Agreements in this regard may be announced in the coming hours, and at the same time, it is possible that the American government will announce that it has officially taken control of this bank.

The parties participating in the First Republic tender must submit their proposals to the American authorities in the next few hours.

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