Home » Business » “First Republic Bank to Sell Assets Worth $50-$100 Billion, Including Securities Holdings: Bloomberg Report”

“First Republic Bank to Sell Assets Worth $50-$100 Billion, Including Securities Holdings: Bloomberg Report”

US silverFirst Republic Bank is seeking to sell assets worth $50 billion to $100 billion, including long-term securities holdings. This was confirmed by several people familiar with the matter.

The asset sale will help improve the mismatch between the bank’s assets and liabilities, the people said. He spoke on condition of anonymity because the information is private. Potential buyers, including major U.S. banks, could receive warrants or preferred stock as an incentive to buy assets at above-market prices, one of the people said.

A spokeswoman for First Republic declined to comment.

Original title:First Republic Said to Weigh Up to $100 Billion in Asset Sales(excerpt)

2023-04-25 17:47:00
#Republic #considers #sale #billion #assets

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