Is First Republic Bank on the brink? Fears mount as First Republic shares hit record low as rescue proves elusive. The bank is facing immense pressure, with the bank's stock fell amid speculation that a takeover by regulators, while not the only possibility in play. Investors are closely watching developments, anxious about the stability of the regional bank. However, hope isn't entirely lost.

Recent reports suggest a significant intervention is underway. The biggest U.S. banks are set to deposit $30 billion with First Republic Bank in a concerted effort by the U.S. government to rescue the struggling lender, Bloomberg News reported on Friday. This coordinated effort, spearheaded by major players like JP Morgan and Citigroup, aims to shore up First Republic's balance sheet and restore confidence in the institution.

Reports of plans for the aid from the 11 banks, led by JP Morgan and Citigroup, helped lift financial markets and sent shares in First Republic surging more than 10% in pre-market trading. While this surge offers a temporary reprieve, the long-term effectiveness of this rescue package remains to be seen. Will this government-backed intervention be enough to save First Republic, or is further government rescue needed to prevent a potential collapse and ripple effects across the financial sector? Stay updated on the latest news and analysis surrounding First Republic Bank's struggles and the ongoing efforts to stabilize its financial position.