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Here’s why the ‘too big to fail’ banks bailed out First Republic

Por: The Hill Politics March 19, 2023

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A consortium of 11 giant banks that are ostensibly in competition with one another came together Thursday to bail out one of their own, the California-based First Republic, in order to help stabilize the teetering U.S. financial system. The by banks including JPMorgan, Citigroup and other banking juggernauts that were deemed “too big to fail” in the wake of the 2008 financial crisis is spurring a flight of deposits away from smaller lenders.... + full article



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