First Republic Bank (FRCB): First Republic Bank Taps Lazard for Help...

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Tuesday, 03/21/2023 9:00:10 PM

Tuesday, March 21, 2023 9:00:10 PM

First Republic Bank Taps Lazard for Help With Review of Strategic Options

https://www.wsj.com/articles/first-republic-taps-lazard-for-help-with-review-of-strategic-options-31271bd

The addition of Lazard and McKinsey underscores what a complicated situation First Republic is in—one that defies an easy fix. Finding a willing buyer for the bank, whose customers had withdrawn some $70 billion since Silicon Valley Bank’s collapse, selling stock at these depressed levels and other alternatives all face their own substantial hurdles.

That $30 Billion doesn't seem like so much anymore.

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People kill for money. What makes you think they will not lie to you for yours?