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First Republic faces tough options after deposit flight, with asset sales, 'bad bank' possibilities, source says

First Republic Bank faces dwindling and tough options to turn around its business with the creation of a 'bad bank' or asset sales possibilities, a source familiar with the matter said, after the lender showed the extent of deposit flight during last month's banking crisis.
United States New York Manya Saini Jerome Powell Dhanya Ann Thoppil Krishna Chandra Eluri

U.S. company comments suggest upbeat demand despite gloomy forecasts - Stock market news

NEW YORK (Reuters) - Investors worried the U.S. could be on the brink of a recession may be relieved by some early comments from company executives this earnings season suggesting demand remains strong and any potential downturn will likely be mild. | 12:19pm
United States Lance Tupper Caroline Valetkevitch Ira Iosebashvili Brian Moynihan Jonathan Oatis

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