JP Morgan, Morgan Stanley in talks to shore up First Republic Bank - WSJ
First Republic Bank
n/a
11:00 18/12/24
0.00%
$0.00
Several of the biggest US lenders are in talks to shore up First Republic Bank.
Dow Jones I.A.
43,297.03
04:30 15/10/20
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JP Morgan Chase & Co.
$242.31
08:49 24/12/24
1.64%
$3.92
Morgan Stanley
$127.06
08:29 24/12/24
2.10%
$2.61
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 --