Biggest US banks weigh rescuing First Republic as its shares tumble – report

First Republic, known for its affluent customer base, has been hit hard following the collapse of SVB. Photograph: Rafael Henrique/Sopa Images/Rex/Shutterstock

Some of the US’s biggest banks are weighing a rescue bid for First Republic, a mid-sized bank whose shares have been pummeled amid a wider banking turmoil.

Citigroup, Goldman Sachs, JP Morgan and Wells Fargo are among the banks discussing a lifeline for the San Francisco-based lender, according to the Wall Street Journal.