Markets by TradingView
JPMorgan, Morgan Stanley Among Banks In Deal Talks With First Republic - WSJ | Old North State Wealth News
Connect with us

US News

JPMorgan, Morgan Stanley among banks in deal talks with First Republic – WSJ

Published

1 week ago

on

© Reuters. FILE PHOTO: A First Republic Bank branch is pictured in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar/File Photo

(Reuters) – Several banks including JPMorgan Chase & Co (NYSE:) and Morgan Stanley (NYSE:) are in talks with First Republic Bank (NYSE:) for a potential deal, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The deal could involve capital infusion to bolster the troubled lender after the collapse of SVB Financial last week triggered fears of a contagion, the report said.

A full takeover is also a possibility, though less certain, the report added.

JPMorgan and First republic bank did not immediately respond to Reuters’ requests for comment. Morgan Stanley declined to comment.

Read the full article here

Related Topics:
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Trending

Copyright © 2022 ONSWM News. Content posted on the Old North State Wealth News page was developed and produced by a third party news aggregation service. Old North State Wealth Management is not affiliated with the news aggregation service. The information presented is believed to be current. It should not be viewed as personalized investment advice. All expressions of opinion reflect the judgment of the authors on the date the articles were published. The information presented is not an offer to buy or sell, or a solicitation of any offer to buy or sell, any of the securities discussed.