Macrae Sykes of Gabelli Funds featured in Reuters

First Republic seeks new ways to escape unrealized losses

First Republic Bank’s (FRC.N) efforts to secure a capital infusion continued without success on Tuesday, as the troubled regional lender started to plan for the possibility it may need to downsize or get a government backstop.

Major banks and private equity firms have so far balked at offering First Republic the capital infusion it craves for fear of releasing losses on the bank’s loan book and investment portfolio amid a rise in interest rates.

Read more here: https://www.reuters.com/business/finance/first-republic-shares-steady-after-brutal-selloff-2023-03-21/