NEW YORK -- Millionaire banker Edmond J. Safra has asked the Federal Reserve for permission to buy up to 2 million shares, or 3.77% of, Republic New York Corp.
Mr. Safra, the company's largest shareholder, already owns 14.4 million shares, or 27.2%.
Limited Time Offer
Save $400 off your subscription. Special offer ends April 30, 2017.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In