Published 1 year ago

Eleven U.S. banks pledge $30 billion for First Republic

Summary by CNN

First Republic Bank, facing a crisis of confidence from investors and customers, is set to receive a $30 billion lifeline from a group of America's largest banks.

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Times of India

Major US banks inject $30 billion to rescue First Republic Bank

Banking stocks globally have been battered since Silicon Valley Bank collapsed last week due to bond-related losses that piled up when interest rates surged last year, raising questions about what else might be lurking in the wider banking system.

1 year ago·India

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The Guardian

US banks launch $30bn rescue of First Republic to stem spiraling crisis

Bank of America, Goldman Sachs, JP Morgan agree to prop up troubled bank after its shares tumbled amid wider turmoil

1 year ago·London, United Kingdom

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The Hindu

Big banks create $30bn rescue package for First Republic

"This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system," said the U.S. Treasury Secretary Janet Yellen.

1 year ago·India

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CTV News

U.S. big banks create US$30B rescue package for First Republic

Eleven of the biggest U.S. banks Thursday announced a US$30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis.

1 year ago·Canada

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Reuters

First Republic receives $30 bln in deposits from big banks

First Republic Bank has received $30 billion in deposits from several big banks including JPMorgan Chase & Co , Citigroup Inc and Morgan Stanley , the banks said in a statement on Thursday.

1 year ago·United Kingdom

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Associated Press News

AP sources: Banks working on rescue plan for First Republic

A group of Wall Street banks is planning a rescue package of around $30 billion for First Republic Bank. That's according to Associated Press sources Thursday. The rescue package comes

1 year ago·United States

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