First Republic looking at downsizing if capital raise fails, Reuters reports

First Republic Bank is looking at ways it can downsize if its attempts to raise new capital fail, David French of Reuters reports, citing two people familiar with the matter. First Republic is examining how it can sell parts of its business, including some of its loan book, in a bid to raise cash and cut costs, one of the sources said. A sale of loans to other parties, including private equity firms, is one option under consideration, both of the sources said. While a sale of the entire bank remains possible, First Republic is still currently focused on a capital raise, a third source told Reuters. Reference Link