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First Republic customers yank $100B in deposits as bank set to slash jobs

Por: New York Post 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 that it could be the third bank to fail after the . San Francisco-based First Republic said Monday that it was only after a group of large banks in uninsured deposits that the bank was able to staunch the bleeding. The bank said it now plans to sell off assets and restructure its balance sheet, and said it also expects to... + full article



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