Skip to main content Exclusive news, data and analytics for financial market professionals Learn more about Reuters home World Business Markets Legal Breakingviews Technology Investigations Sports More My View Register Finance 1 minute read April 28, 2023 8:33 PM UTC Last Updated ago Reuters People walk past a First Republic Bank branch in San Francisco, California, U.S. April 28, 2023. REUTERS/Loren Elliott NEW YORK, April 28 (Reuters) - The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic under receivership imminently, a person familiar with the matter said on Friday. The U.S. banking regulator has decided that the troubled regional lender's position has deteriorated and there is no more time to pursue a rescue through the private sector, the source said, requesting anonymity because the matter is confidential. First Republic and FDIC representat...