First Republic Bank in Crisis as Rescue Talks Continue.
US officials are leading urgent talks to rescue First Republic Bank as private-sector efforts have yet to reach a deal. The government's involvement is helping bring more parties, including banks and private equity firms, to the negotiating table. It is unclear whether the US government is considering participating in a private-sector rescue of First Republic. First Republic became the epicenter of the US regional banking crisis in March after wealthy clients withdrew deposits. Discussions for a deal took on new urgency this week after First Republic revealed it had deposit outflows of more than $100 billion in the first quarter.