Shares of First Republic Bank were bouncing back following reports that US bank chiefs were in discussions over a new rescue plan to stabilise the lender.
The talks, first reported by The Wall Street Journal, were said to be at a preliminary stage and to revolve around an investment to boost the lender’s capital.
As of 1357 GMT, its shares were ahead by 31.40% to $16.07, having plummeted by 47% the day before.
