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. First Republic reported a more than $100 billion plunge in deposits in the quarter in the aftermath of the biggest turmoil to hit the banking sector since … Continue reading More bank jitters as First Republic probes asset sales, ‘bad bank’ options -source