Wall Street bank executives and US government officials discussing a possible intervention in First Republic Bank are looking into offering government support to encourage the deal, Bloomberg news agency reported Tuesday, citing people familiar with the talks.
According to the report, among other options being considered is the possibility of releasing the First Republican Bank from its assets.
Other ideas being discussed include providing guarantees, easing the application of capitalization rules, and easing shareholder limits to make the bank more attractive.
First Republic Bank, whose shares fell nearly 18% after hours, declined to comment on the report.
Source: RES-IPE
Source: Kathimerini
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.