Not sure, but the government seems to like Wells Fargo (they were part of the CBDC experiment), so they may be the other party in a forced merge.
Discussion
" ... First Republic received its second credit-rating cut in days from S&P Global Sunday, despite last week's injection of deposits totaling $30 billion by 11 big banks, including JPMorgan ** and Bank of America. ** Customers alarmed by the collapse of neighboring Silicon Valley Bank have rushed to withdraw $70 billion from First Republic, or almost half of the bank's total deposits. .... " ( ** Godzillas of TBTF ! )
Half! That's pretty fast and surprising they didn't completely go under. That $30B loan really helped, I'm sure. That's what you get for fractional reserve lending. Eventually, that will go away.