Check out the companies making headlines in midday trading. First Republic Bank — Shares of First Republic cut earlier losses and was down about 11% midday.
The move followed a Wall Street Journal report that big banks like JPMorgan and Morgan Stanley are in talks to provide aid to the beaten-down regional.
Credit Suisse Group — The Swiss bank's U.S.-listed shares were up 2.5% after it announced it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank.
The stock is coming off a volatile trading session on Wednesday, during which it lost 13.9% after the Saudi National Bank, its largest investor, said it would not be able to provide additional funding.Read more on cnbc.com