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- First Republic Bank is set to be taken over by regulators as soon as Sunday.
- JPMorgan and PNC are frontrunners to acquire the ailing bank, The Wall Street Journal reported.
- JPMorgan's Dimon has been a hands-on figure in attempts to save First Republic in recent weeks.
Jamie Dimon might have avoided getting involved in a rescue of Silicon Valley Bank, but it appears that the JPMorgan CEO is preparing to swoop on ailing First Republic Bank.
JPMorgan Chase and PNC Financial Services Group are in the running to buy First Republic as the troubled lender stares down impending receivership, The Wall Street Journal reported.