Oct31

First Republic Says $40 Million in Default in Salander Art Fray

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First Republic Says $40 Million in Default in Salander Art Fray

Oct. 31 (Bloomberg) — First Republic Bank, which Merrill Lynch & Co. bought in September for $1.8 billion, has been snared in the biggest U.S. art market mess since the price- fixing scandal at auction houses in the 1990s.

Read More at Bloomberg.com…

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