First Republic in talks to raise cash by selling shares privately, NYT says

First Republic is in discussions to raise funds from other lenders or private equity firms by issuing new shares in an effort to bolster its finances, one day after the largest U.S. banks gave it a $30B infusion, the New York Times’ Lauren Hirsch and Rob Copeland report, citing three people with knowledge of the process. The terms of any agreement are still under discussion, the authors say. A full sale of the company is also possible, the authors note. Reference Link