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First Republic is struggling to come up with a viable solution - report

The best thing for the broader market would be if First Republic were taken over by another bank.The problem is that no other bank is going to pay any meaningful amount of money for it, given held-to-maturity losses of $4.8 billion and a market cap of $2.8 billion. As for shareholders of the bank, they're not going to accept a bid of $1/share when the companies shares are still trading at $9.39.So what has to happen? It's likely to end up as some kind of Japanese-style zombie bank until it bleed... Read More

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Posted: Apr 25 2023, 18:52

Author Name: forexlive

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