First Republic Bank plans to raise cash by selling shares privately – NYT


The bank’s shares were down nearly 5% at $21.83 in after-market trading.

Terms of the deal were under discussion and a sale of First Republic was also possible, according to the report.

First Republic declined to comment.

Large U.S. banks injected $30 billion in deposits into First Republic on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week.


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