First Republic is in talks to raise capital from other banks or private equity firms by issuing new shares and could also negotiate a deal to be sold, the New York Times reported
On Sunday, Reuters reported that the lender was still trying to put together a capital raise but that no deal was imminent.Other regional lenders largely bucked the trend.
PacWest Bankcorp climbed 5.9 per cent after the bank said deposit outflows had stabilized and its available cash exceeded total uninsured deposits.Tickers mentioned in this story
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