US Government May Back First Republic Bank Rescue: Report

Talks are ongoing between Wall Street leaders and US authorities to intervene at First Republic Bank, with the possibility of government backing being considered to encourage a deal. Options being floated include lifting assets that have impacted the bank's balance sheet, offering liability protection, implementing more flexible capital rules, or easing limits on ownership stakes. While investors have shown interest, the lender's unrealized losses have been a cause of concern. JPMorgan Chase CEO Jamie Dimon has been leading the talks with other bank leaders to resolve the crisis.