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Reuters: Exclusive: First Republic Considers Downsizing If Capital Raise Fails -Sources

Reuters, March 21, 2023, Exclusive: First Republic Considers Downsizing If Capital Raise Fails -Sources

First Republic is examining how it can sell parts of its business, including some of its loan book, in a bid to raise cash and cut costs, one of the sources said. A sale of loans to other parties, including private equity firms, is one option under consideration, two of the sources said.

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