First Republic Bank Taps Lazard for Help With Review of Strategic Options
submited by
Style Pass
First Republic Bank is beefing up its adviser ranks as the troubled lender seeks to stay afloat and plan for a postcrisis future amid a trans-Atlantic crisis of confidence in the banking system.
The California bank this week tapped Lazard Ltd. to help with a review of strategic options that could include a sale, a capital infusion or asset trimming, according to people familiar with the matter. It also hired consulting firm McKinsey & Co. to help map out a postcrisis structure for the bank, the people said.
Read more wsj.com/arti...
/cdn.vox-cdn.com/uploads/chorus_asset/file/19715597/acastro_200212_1777_Lambda_0001.jpg)
