JP Morgan, Morgan Stanley in talks to shore up First Republic Bank - WSJ
First Republic Bank
n/a
11:00 14/10/24
0.00%
$0.00
Several of the biggest US lenders are in talks to shore up First Republic Bank.
Dow Jones I.A.
43,750.86
04:30 15/10/20
n/a
n/a
JP Morgan Chase & Co.
$241.87
11:10 14/11/24
0.29%
$0.71
Morgan Stanley
$132.43
11:10 14/11/24
-0.25%
-$0.33
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 --