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Big-bank CEOs discussing capital infusion for First Republic, WSJ says
The Fly

Big-bank CEOs discussing capital infusion for First Republic, WSJ says

JPMorgan (JPM) CEO Jamie Dimon is leading discussions with the CEOs of other big banks about a fresh effort to stabilize First Republic Bank (FRC) and the preliminary talks have focused on how the industry could arrange for an investment that would boost the bank’s capital, people familiar with the matter told The Wall Street Journal’s Ben Eisen, AnnaMaria Andriotis and David Benoit. An investment in First Republic by the banks themselves is among the options on the table, the report said. Last week, JPMorgan and ten other large banks banded together to deposit $30B in First Republic. Reference Link

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