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NYC Sues FDIC For $7M Of First Republic's Back Taxes

By Sydney Price ( February 2, 2024, 8:27 PM EST) -- New York City sued the Federal Deposit Insurance Corp. in D.C. federal court in the agency's capacity as receiver for failed First Republic Bank, alleging the bank understated its rent and income taxes it owed to the city for several years and now owes more than $7 million....

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