Breaking: JPMorgan, Morgan Stanley and several other big banks are in talks to aid First Republic Bank. The deal could include a sizable capital infusion to shore up the beleaguered lender.
JPMorgan Chase & Co., Morgan Stanley and several other big banks are discussing a potential deal with First Republic Bank that could include a sizable capital infusion to shore up the beleaguered lender, people familiar with the matter said.
First Republic is working on various potential options including a capital raise that could take various forms, the people said. A full takeover is also a possibility, though some of the people cautioned that looks unlikely at this point.
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