Wall Street banks put up $30bn in deposits to rescue First Republic
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
  • Free trial
  • Log in

Wall Street banks put up $30bn in deposits to rescue First Republic

Marcel Le Gouais
March 17, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
Flag and Wall street sign

A group of lenders including Bank of America, Citigroup, JP Morgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley have provided uninsured deposits of $30bn to support First Republic Bank, in a bid to stave off contagion from Silicon Valley Bank’s collapse.

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News InsurTech
MG
Marcel Le Gouais
Gift this article