Potential buyers lined up for First Republic's new stock

April 26, 2023 11:48 PM

First Republic Bank's advisers have lined up potential purchasers of new stock in the lender if they can fix the bank's balance sheet, CNBC cited sources as saying.

The bad bank possibility is a crisis-type method of isolating financial assets that have problems.

Its shares were down 10% in premarket trading, after hitting a record low in the previous session.

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