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Big banks create $30B rescue package for First Republic

Por: WPLG Local 10 Politics March 17, 2023

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SAN FRANCISCO – Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis. San Francisco-based First Republic serves a similar clientele as , which failed last week after depositors withdrew about $40 billion in a matter of hours. New York's was shuttered on Sunday. It appears... + full article



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