US Tries to Orchestrate Rescue of First Republic Bank

The transcript discusses the stock slump of First Republic and its slight recovery. It highlights the involvement of major banks like JP Morgan, Bank of America, and Morgan Stanley in discussions to rescue First Republic, as reported by Bloomberg. The situation is evolving rapidly, affecting regional lenders.

What is the current status of First Republic stock according to the text?

What percentage drop in First Republic stock is noted in the text?

What actions are U.S. officials reportedly taking regarding First Republic?

How does the text describe the speed of the situation affecting regional lenders?

Which banks are mentioned as being part of the discussions for rescuing First Republic?