First Republic bounces back amid talks led by JP Morgan’s Dimon for new rescue plan

by | Mar 21, 2023

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.

Related articles

AstraZeneca to buy Gracell Technologies for $1.2bn

AstraZeneca to buy Gracell Technologies for $1.2bn

(Sharecast News) - AstraZeneca on Wednesday said it was buying Gracell Biotechnologies, a global clinical-stage biopharmaceutical company developing cell therapies for the treatment of cancer and autoimmune diseases, for $1.2bn. Under the terms of the deal,...

Swisscom weighing offer for Vodafone’s Italian business

Swisscom weighing offer for Vodafone’s Italian business

(Sharecast News) - Swiss telecommunications firm Swisscom has been mulling over an offer for Vodafone's Italian operations early next year, according to Bloomberg, potentially countering a rival bid from Iliad SA. The potential deal will see Vodafone's mobile service...

SSP expands into Canada, Saudi Arabia

SSP expands into Canada, Saudi Arabia

(Sharecast News) - International travel food and beverage outlet operator SSP Group on Thursday said it had expanded into Canada and Saudi Arabia as it pivots to high-growth markets. The company, which owns the Upper Crust and Ritazza brands, said it had bought...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x