First Republic Bank's Stock Soars Amid Potential Expansion of Emergency Lending Support

First Republic Bank's stock surged 30% in premarket trading after reports that U.S. regulators are considering expanding an emergency lending facility for banks, potentially giving the bank more time to shore up its balance sheet. The bank's stock had plummeted nearly 90% in the past month due to fears over the liquidity of other regional banks operating in Silicon Valley. First Republic is reportedly considering selling parts of its business to raise cash and cut costs.