JP Morgan, Morgan Stanley in talks to shore up First Republic Bank - WSJ
First Republic Bank
n/a
11:00 08/03/24
0.00%
$0.00
Several of the biggest US lenders are in talks to shore up First Republic Bank.
Dow Jones I.A.
39,807.37
04:30 15/10/20
n/a
n/a
JP Morgan Chase & Co.
$200.30
11:04 28/03/24
0.39%
$0.78
Morgan Stanley
$94.16
10:59 28/03/24
0.71%
$0.66
According to the Wall Street Journal, which cited people familiar with the matter, a capital injection could be a part of the solution.
A capital raise was another possibility and might take various forms, as was a full takeover although at present that appeared to be unlikely.
JP Morgan and Morgan Stanley were said to be among the lenders involved in the talks.
-- More to follow --