JPMorgan and Morgan Stanley are in talks to provide financial aid to First Republic Bank, report says
its liquidity position remained"very strong," and in a regulatory filing, said it had received $70 billion of liquidity from the Federal Reserve and JPMorgan Chase.
First Republic shares have plunged about 80% year to date. Fierce selling erupted last week as investors scoped out lenders with a hefty amount of deposits that would be uninsured by the FDIC.
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