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First Republic clients pulled $100 billion in deposits during banking panic

Por: CBS News Business April 25, 2023

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Customers of First Republic Bank pulled more than $100 billion in deposits out of the bank during last month's crisis, as fears swirled that it could be the third bank to fail a fter the collapse of Silicon Valley Bank and Signature Bank. San Francisco-based First Republic said Monday that it was only after a group of by depositing $30 billion in uninsured deposits that the bank was able to staunch the bleeding.After gaining 12% on Monday,... + full article



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