First Republic Bank reportedly exploring its options, including a possible sale

Last Updated: March 15, 2023 at 8:24 p.m. ET First Published: March 15, 2023 at 8:16 p.m. ET First Republic Bank shares have plunged 73% over the past five trading days. AFP/Getty Images Embattled First Republic Bank is exploring its strategic options, including a potential sale, according to a new report. Citing sources with knowledge

Financial Press

Published

March 16, 2023

first-republic-bank-reportedly-exploring-its-options,-including-a-possible-sale

Last Updated: March 15, 2023 at 8:24 p.m. ET First Published: March 15, 2023 at 8:16 p.m. ET

First Republic Bank shares have plunged 73% over the past five trading days.

AFP/Getty Images

Embattled First Republic Bank is exploring its strategic options, including a potential sale, according to a new report.

Citing sources with knowledge of the matter, Bloomberg News reported late Wednesday that the San Francisco-based bank is also looking for ways to improve its liquidity, and noted that a potential sale would likely draw interest from larger rivals. The report added that no decision has been reached and First Republic may decide to remain independent.

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