Embattled First Republic Bank is exploring its strategic options, including a potential sale, according to a new report.
Citing sources with knowledge of the matter, Bloomberg News reported late Wednesday that the San Francisco-based bank is also looking for ways to improve its liquidity, and noted that a potential sale would likely draw interest from larger rivals. The report added that no decision has been reached and First Republic may decide to remain independent.
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Source: https://www.marketwatch.com/story/first-republic-bank-reportedly-exploring-its-options-including-a-possible-sale-f44a9177?siteid=yhoof2&yptr=yahoo