Federal regulators have announced the seizure of troubled First Republic Bank, according to The New York Times. The Federal Deposit Insurance Corporation (F.D.I.C.) is seeking buyers for the bank and First Republic has made a last-ditch effort to find a rescue deal, reports the BBC. However, an analyst from Yahoo Finance has claimed that it is “unlikely” the bank will survive. CNN reports on what’s next for the troubled bank, with many wondering what the future holds for its customers and employees.

In a move that shocked the banking industry, regulators announced the seizure of First Republic Bank on Friday. The bank had been struggling for some time and rumours had been circulating for months that its future was uncertain. The F.D.I.C. is seeking buyers for the bank in the hope of finding a solution that will protect its customers and employees.

First Republic had made a last-ditch bid to find a rescue deal, according to the BBC. However, it appears that this has failed and the bank is now in the hands of federal regulators. An analyst from Yahoo Finance has claimed that it is “unlikely” that the bank will survive, leaving many questioning what the future holds for its customers and employees.

CNN reports that the seizure has left many wondering what’s next for First Republic Bank. The bank has been a part of the US banking landscape for over 30 years and has a large customer base. It remains to be seen what the future holds for these customers and for the bank’s employees.

The news has sent shockwaves through the banking industry and has led to calls for greater regulation of the banking sector. It is hoped that the seizure of First Republic Bank will act as a wake-up call for other financial institutions to ensure that they are operating in a responsible and sustainable manner.