First Republic's stock poised to rise for second day as regional bank searches for rescue deal
reported on Friday that U.S. officials — including from the Federal Deposit Insurance Corporation, Treasury Department and Federal Reserve — are coordinating meetings with other banks to broker a rescue plan for First Republic.
First Republic told CNBC's David Faber on Friday that "we are engaged in discussions with multiple parties about our strategic options while continuing to serve our clients." First Republic is a regional bank that has focused on high-net-worth individuals and their businesses, offering mortgages at low interest rates.
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