JPMorgan (JPM) and PNC Financial (PNC) are vying to buy First Republic Bank (FRC) in a deal that would follow a government seizure of the bank, Andrew Ackerman, David Benoit and Rachel Louise Ensign of Wall Street Journal report, citing people familiar with the matter. A seizure and sale of First Republic by the Federal Deposit Insurance Corp. could come as soon as this weekend, sources told the Journal.
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