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

Large U.S. banks injected $30 billion in deposits into First Republic Bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week. Banking stocks globally have been battered since Silicon Valley Bank collapsed last week due to … Continue reading Major US banks inject $30B to rescue First Republic Bank