First Republic Bank reportedly exploring its options, including a possible sale

Embattled First Republic Bank is exploring its strategic options, including a potential sale, according to a new report.

Citing sources with knowledge of the matter, Bloomberg News reported late Wednesday that the San Francisco-based bank is also looking for ways to improve its liquidity, and noted that a potential sale would likely draw interest from larger rivals. The report added that no decision has been reached and First Republic may decide to remain independent.