JPMorgan Chase is advising embattled First Republic Bank on strategic alternatives, sources told CNBC’s David Faber. The alternatives may include a capital raise, the sources said, which could dilute current shareholders. A sale of the bank is also a possibility. First Republic shares dropped 47% in a volatile session, extending […]
sources
By Andrea Shalal WASHINGTON, Oct 29 (Reuters) – Group of 20 finance officials will meet virtually on Nov. 13 to finalize a common framework for addressing the mounting debt problems of low-income countries rocked by the COVID-19 pandemic, sources familiar with the plans said on Thursday. The extraordinary meeting comes […]