JPMorgan advising First Republic on strategic alternatives

JPMorgan advising First Republic on strategic alternatives- Check out in detail

JPMorgan advising First Republic on strategic alternatives, including a capital raise

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The alternatives may include a capital raise, the sources said, which could dilute current shareholders.

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[{"selector":"#anim-333e12c5-003e-404c-b790-6de15e1186d5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-16.959476866919307%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] JPMorgan and 10 other banks announced last week that they were depositing a combined $30 billion in First Republic. Arrow

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First Republic shares dropped 47% in a volatile session, extending a dramatic decline in March. The stock is now down 90% month to date.

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[{"selector":"#anim-1d902488-c517-47d2-93c5-55ab9954b49e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0.014810123232089425%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] JPMorgan and 10 other banks announced last week that they were depositing a combined $30 billion in First Republic, which has suffered from large cash outflows in the wake of the collapse of Silicon Valley Bank. Arrow

First Republic disclosed last week that it had borrowed tens of billions of dollars from the Federal Reserve and the Federal Home Loan Banks to help handle deposit outflows.

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