First Republic Bank considers asset sales and 'bad bank' options amidst deposit outflows and market concerns.

First Republic Bank is exploring options such as asset sales and the creation of a 'bad bank' to turn around its business after reporting a more than $100 billion plunge in deposits in the aftermath of the biggest turmoil to hit the banking sector since 2008. The bank's mortgage loan book and securities portfolio could lead to big writedowns if someone were to acquire them, according to Christopher Wolfe, head of North American banks at Fitch Ratings. The bank has declined to comment on the specific options.