JPMorgan advising Initially Republic on strategic alternate options, which include a capital increase, resources say

JPMorgan advising Initially Republic on strategic alternate options, which include a capital increase, resources say


Important Details
  • The alternate options may well consist of a money increase, the resources stated, which could dilute recent shareholders.
  • A sale of the bank is also a possibility.
  • JPMorgan and 10 other banking institutions introduced last 7 days that they ended up depositing a combined $30 billion in Initially Republic.



Supply

Stocks making the biggest moves midday: Apple, Ross Stores, Intuit, Booz Allen Hamilton and more
Finance

Stocks making the biggest moves midday: Apple, Ross Stores, Intuit, Booz Allen Hamilton and more

Check out the companies making headlines in midday trading: Booz Allen Hamilton — Shares of the consulting firm lost 15% after Booz Allen Hamilton said it would cut roughly 2,500 jobs, or 7% of its workforce, citing a slowdown in some government spending under the Trump administration and expected ongoing pressure on its business in […]

Read More
Stocks making the biggest moves premarket: Apple, Tesla, Intuit, Ross Stores and more
Finance

Stocks making the biggest moves premarket: Apple, Tesla, Intuit, Ross Stores and more

Check out the companies making headlines before the bell: Apple — The tech giant saw shares fall 3.5% in premarket trading after President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Nuclear stocks — Stocks tied to […]

Read More
Goolsbee says Fed now has to wait longer before moving rates because of trade policy uncertainty
Finance

Goolsbee says Fed now has to wait longer before moving rates because of trade policy uncertainty

Key Points Chicago Fed President Austan Goolsbee said Friday that President Donald Trump’s latest tariff moves have complicated policy and likely put off changes to interest rates. “Everything’s always on the table. But I feel like the bar for me is a little higher for action in any direction while we’re waiting to get some […]

Read More