- Ratings agencies S&P Global and Fitch cut First Republic’s credit rating to junk status.
- The bank is now considering various options, including a sale and boosting liquidity Bloomberg reported.
- It could attract interest from larger lenders if it goes on sale.
First Republic Bank is considering various options, including a sale, Bloomberg reported Wednesday, citing people with knowledge of the matter.
The bank is expected to attract interest from larger lenders if it goes on sale, per Bloomberg. The San Francisco-based lender is also looking at options to boost liquidity, per the news outlet.
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