First Republic’s advisers are working on a private-sector solution they hope can overcome skepticism in Washington and keep the embattled California bank from being shut down by the Federal Deposit Insurance Corporation. JPMorgan, which has been acting as First Republic’s banker and is the largest US lender, is involved in the conversations, but other large institutions are also likely to participate in some way.
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First Republic works on plan to prevent government seizure
First Republic, JPMorgan and Lazard, which is also working for the California lender, declined to comment.
