Skip to content

JPMorgan, Morgan Stanley in Talks for First Republic, WSJ Says

Bloomberg business news
US Tries to Orchestrate Rescue of First Republic Bank

JPMorgan Chase & Co. and Morgan Stanley are among several large banks discussing a potential deal with First Republic Bank that could include a sizable capital infusion to shore up the troubled California lender, the Wall Street Journal reported, citing people familiar with the matter.

San Francisco-based First Republic is working on potential options including a capital raise, the people told the Journal. While a full takeover of the bank is also possible, some of the people said that looks unlikely at this point, the newspaper said.