Biggest banks to infuse First Republic with $30 billion to stabilize troubled lender

The biggest U.S. banks are banding together to rescue beleaguered San Francisco lender First Republic (FRC) with $30 billion of uninsured deposits, an unusual joint effort to stabilize a rival and restore calm following a volatile week. The infusion from 11 of the nation's biggest banks, including…#firstrepublic #jpmorganchase #jpm #bankofamerica #bac #jpmorgan #citigroup #wellsfargo #goldmansachs #usbancorp

Source: Reuters: Health - March 17, 2023 Category: Consumer Health News Source Type: news