U.S. government bodies lead talks for First Republic, Reuters reports

The Federal Deposit Insurance Corporation, the Treasury Department, and the Federal Reserve are among the U.S. government bodies coordinating talks to rescue First Republic Bank, as private-sector efforts have yet to reach a deal, Nupur Anand, Andrea Shalal, and Greg Roumeliotis of Reuters reports, citing three sources familiar with the situation. The government’s involvement is helping bring more parties to the negotiating table, sources add, according to Reuters. It is not yet clear if the U.S. government is considering participating in a private-sector rescue of the bank. Reference Link