First Republic gets $30 billion lifeline from major US banks
18 March 2023 |
5:46 am
The major banks include JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and Truist. The $30 billion infusion will give the struggling San Francisco lender much-needed cash to meet customer withdrawals and buttress confidence in the US banking system during a tumultuous moment for lenders.
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The major banks include JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and Truist. The $30 billion infusion will give the struggling San Francisco lender much-needed cash to meet customer withdrawals and buttress confidence in the US banking system during a tumultuous moment for lenders.
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