March 17 (Reuters) - First Republic Bank (FRC.N) is in talks to raise money from other banks or private equity firms by issuing new shares, the New York Times reported on Friday, citing three people with knowledge of the process. The bank's shares were down nearly 5% at $21.83 in after-market trading. Terms of the deal were under discussion and a sale of First Republic was also possible, according to the report. First Republic declined to comment. Reporting by Akriti Sharma and Niket Nishant in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Source: New York Times March 18, 2023 00:02 UTC