Wall Street bank chief executives are trying to come up with a new plan for embattled First Republic after a $30bn lifeline failed to arrest a sharp sell-off in the lender’s shares.
The executives will discuss if anything more can be done for the California-based lender on the sidelines of a pre-planned gathering in Washington on Tuesday, which is being organised by the Financial Services Forum, one of the main industry lobby groups, according to people familiar with the matter.
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