First Republic bounces back amid talks led by JP Morgan's Dimon for new rescue plan
First Republic Bank
n/a
11:00 18/12/24
0.00%
$0.00
Shares of First Republic Bank were bouncing back following reports that US bank chiefs were in discussions over a new rescue plan to stabilise the lender.
Dow Jones I.A.
42,906.95
04:30 15/10/20
n/a
n/a
JP Morgan Chase & Co.
$238.39
11:10 23/12/24
0.33%
$0.79
The talks, first reported by The Wall Street Journal, were said to be at a preliminary stage and to revolve around an investment to boost the lender's capital.
As of 1357 GMT, its shares were ahead by 31.40% to $16.07, having plummeted by 47% the day before.