The troubled bank has been in turmoil since the collapse of Silicon Valley Bank.
Mid-size bank First Republic is exploring a potential sale after its shares plummeted amid instability in the banking sector, Bloomberg firstWednesday.
The bank, based in San Francisco, hasn’t been able to gain footing following the collapse of Silicon Valley Bank, with its shares falling 70 percent. The bank secured $70 billion in liquidity from the Federal Reserve and JPMorgan Chase on Sunday on top of emergency funding. First Republic is exploring other options aside from a sale, including an infusion of cash, but a source told
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