Sources: U.S. government is currently reluctant to intervene in First Republic Bank

There appears to be no willingness on the part of the White House or Treasury Department to pressure the banks to come up with a plan to sell First Republic's assets.

According to analyst David Faber, he currently does not know whether the bank can continue to operate in the future, nor whether the Federal Deposit Insurance Corporation will issue a "bankruptcy declaration" for the bank. But he said that a solution (possibly a takeover by the Federal Deposit Insurance Corporation) is becoming more and more likely because the chances of First Republic Bank finding a buyer are "almost zero." (CNBC)