First Republic Bank could see $30B in rescue deposits coming, report says

First Republic Bank could see $30B in rescue deposits coming, report says

a year ago
Anonymous $Gb26S9Emwz

https://techcrunch.com/2023/03/16/first-republic-bank-rescue-deposits/

An agreement among a group of the nation’s largest banks to deposit some $30 billion with First Republic Bank could be coming this week, according to a Bloomberg report.

Bloomberg reports that banks said to be involved in this deal include JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., Morgan Stanley, U.S. Bancorp, Truist Financial Corp. and PNC Financial Services Group Inc.