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US banks working on new plan for First Republic


JPMorgan chief executive Jamie Dimon is spearheading ongoing talks with America's top banks to help First Republic. (HANDLE)

(ANSA) - NEW YORK, MARCH 20 - JPMorgan CEO Jamie Dimon is leading the ongoing negotiations with the number one of the big American banks to help FirstRepublic.

The plan being worked on, reports the WallStreet Journal, is to convert all or part of the 30 billion dollars in deposits already granted to FirstRepublic by the 11 major American banks into capital.


Source: ansa

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