First Republic Bank in Rescue Talks With Biggest U.S. Lenders

Wall Street Journal, Mar. 16, 2023–Multiple Staff (subscription)
JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and Wells Fargo & Co. are in talks to deposit $5 billion of their own money each into First Republic, sources said. Morgan Stanley and Goldman Sachs Group Inc., as well as regional banks U.S. Bancorp, PNC Financial Services Group Inc., PNC and Truist Financial Corp. would all kick in smaller amounts.