Shares of First Republic Bank hit an all-time low raising questions about the 'ability of the bank to raise fresh capital'

Shares of First Republic Bank hit an all-time low raising questions about the 'ability of the bank to raise fresh capital'

Upworthy

Published

First Republic Bank shares slumped to an all-time low on a report that advisers have lined up potential buyers of new stock as part of a rescue plan for the beleaguered lender. Advisers will try to persuade big US banks who have already bailed First Republic out once to purchase bonds from the San…

#firstrepublicbank #advisers #firstrepublic #tdcowen #jaretseiberg #jpmorganchaseco #bankofamericacorp #citigroupinc #wellsfargoco #seiberg

Full Article