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First Republic sinks bank stocks as investors shrug off $30 billion infusion

Por: MarketWatch Politics March 17, 2023

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JPMorgan Chase & Co. CEO Jamie Dimon, U.S. Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen came up with the joint bank deposit during a phone call on Tuesday, a source familiar with the situation confirmed to MarketWatch. The genesis of the deal had been reported by the Wall Street Journal and other publications. The move was described as an “extraordinary effort to stave off financial contagion,” as the New York... + full article



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