Timothy A. Clary/AFP via Getty Images
- First Republic is on the edge, with the stock down another 41% on Wednesday. It's now down 95% for the year to date.
- The bank is seeking to sell assets and raise fresh capital to keep itself going.
- First Republic's rivals will end up paying for its struggles, whether it survives or gets taken over by the FDIC.
First Republic is racing to land a rescue deal.
The bank is getting hammered in the stock market again, with shares trading down as much as 41% on Wednesday, following reports that it is preparing to sell shares as part of a rescue plan.
To recap: