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Jun 5, 2025  |  
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Jack Birle, Breaking News Reporter


NextImg:First Republic Bank in talks with major banks for rescue: Report


First Republic Bank is reportedly in talks with several major banks for a boost to its capital in wake of instability amid market uncertainty as a result of the collapse of Silicon Valley Bank.

The deal among the giants in the banking world, reported by the Wall Street Journal, would help the regional bank, which has seen its stock take a tumble as concerns mount over the stability of regional banks.

SVB COLLAPSE: CREDIT SUISSE SHARES SOAR FOLLOWING TWO-DAY DECLINE

Financial institutions involved in the deal, which the outlet says could be revealed as early as Thursday afternoon, include JPMorgan Chase, Wells Fargo, Bank of America, Morgan Stanley, and Goldman Sachs, among others.

A report from Bloomberg suggests the deal between First Republic Bank and the major institutions is being orchestrated by the federal government in an effort to stabilize the bank.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

First Republic Bank has been bleeding value all week, with its stock dropping by nearly 35% shortly after opening on Thursday, after seeing 71% of its value disappear in the past five days. The bank attempted to quell concerns on Sunday by announcing it had "diversified its financial position through access to additional liquidity from the Federal Reserve Bank and JPMorgan Chase & Co," along with saying it had $70 billion in unused liquidity.

Other financial institutions causing concern in the markets include Credit Suisse, which has had concerns regarding liquidity after its largest investor, the Saudi National Bank, said it would not provide any more assistance. Credit Suisse obtained $53.7 billion in assistance from the Swiss National Bank, causing shares of the financial institution to rebound on Thursday after it had been sinking on Tuesday and Wednesday.