This post was originally published on this site
First Republic Bank’s stock rose Thursday after steep losses earlier in the day, following reports that the nation’s largest banks are in talks to provide $25 billion in support for the bank.
The Wall Street Journal reported that Morgan Stanley MS, JPMorgan Chase JPM, Citigroup C, Goldman Sachs Group Inc. GS, Bank of America Corp. BAC and others are considering making deposits of $5 billion each from each bank’s own balance sheet to be held by First Republic.
Large…
