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Government officials race to seize and sell First Republic ahead of market open

Name: Government officials race to seize and sell First Republic ahead of market open
Uploaded: 2023-04-30T22:41:48.000Z
Duration: 57 s
Description: First Republic has reported losing over $70 billion following the bank turmoil in March. The federal government is accepting bids from competitor banks to buy up the troubled firm. NBC News’ Brian Cheung has the latest.

First Republic has reported losing over $70 billion following the bank turmoil in March. The federal government is accepting bids from competitor banks to buy up the troubled firm. NBC News’ Brian Cheung has the latest.