{"id":23153,"date":"2023-04-25T17:02:29","date_gmt":"2023-04-25T17:02:29","guid":{"rendered":"https:\/\/lynettelockhart.com\/client\/first-republic-bank-exploring\/"},"modified":"2023-04-25T17:06:16","modified_gmt":"2023-04-25T17:06:16","slug":"first-republic-bank-exploring","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/first-republic-bank-exploring\/","title":{"rendered":"First Republic Bank exploring up to $100 billion in asset sales – Bloomberg News"},"content":{"rendered":"

(Reuters) – Troubled lender First Republic Bank is exploring an asset sale of up to $100 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. <\/p>\n

A sales would help reduce the bank’s asset-liability mismatch, the report said. FRC did not immediately respond to Reuters request for comment.<\/p>\n

The news of the sale comes a day after the San Francisco-based lender laid down plans to shrink its balance sheet and said it aims to increase its insured deposits and cut borrowings from the Federal Reserve Bank. <\/p>\n

It also aims to slash expenses by cutting executive compensation, paring back office space and cutting nearly 20% to 25% of employees in the second quarter, the lender had said on Monday.<\/p>\n

\n

(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Arun Koyyur)<\/p>\n

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(Reuters) – Troubled lender First Republic Bank is exploring an asset sale of up to $100 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. A sales would help reduce the bank’s asset-liability mismatch, the report said. FRC did not immediately respond to Reuters request for comment. The news of the sale […]<\/p>\n","protected":false},"author":8,"featured_media":23154,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-23153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3O0QW-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/23153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=23153"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/23153\/revisions"}],"predecessor-version":[{"id":23155,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/23153\/revisions\/23155"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/23154"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=23153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=23153"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=23153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}