According to the Wall Street Journal, JPMorgan, Morgan Stanley and other banks are “discussing a potential deal with First Republic that could include a sizable capital infusion to shore up the beleaguered lender, people familiar with the matter said.”

Market reaction 

First Republic shares are falling 23% on Thursday at $24.00, after rebounding from $21.00 following the WSJ report.

After opening with losses, Wall Street indexes turned positive during the last hour. The Nasdaq is up 0.90% and the Dow Jones rises by 0.16%.