General World News

First Republic Bank is reportedly exploring sale: Bloomberg

First Republic Bank, the fourth-largest non-agency jumbo lender in America, is exploring strategic options, including a sale and a capital infusion, and is expected to attract interest from larger rivals, Bloomberg reported on Wednesday, citing anonymous sources with knowledge of the matter.

No decision has been made, and the bank can remain independent, people who requested anonymity for discussing confidential information said. According to Bloomberg, the bank is also weighing options for shoring up liquidity. 

In addition, the Wall Street Journal reported on Thursday morning that JPMorgan, Morgan Stanley and several other big banks are discussing a potential “sizable capital details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com