• The U.S. government is weighing another potential deal to rescue the struggling First Republic Bank, in a bid by U.S. officials and Wall Street executives to head off the chance of a third major bank failure, Bloomberg reported, citing people with knowledge of the discussions.
• Wall Street investors have expressed an interest in helping stabilize the struggling San Francisco-based bank, which has been selling assets that lost value amid the Federal Reserve’s aggressive campaign of interest rate hikes designed to combat inflation.
• The bank, which is popular with wealthy tech executives who tend to vote Democratic, has seen its stock price fall 89% this year and its aggressive losses have caused investors to balk at rescuing the bank without government assistance, Bloomberg reported.

Tagged: Banks