U.S. banks team up to rescue First Republic Bank with US$30 billion
U.S. financial institutions teamed up on Thursday (16) to rescue First Republic Bank with US$30 billion, they announced in a joint statement. Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo announced they would each make a US$5 billion uninsured deposit for First Republic Bank. Goldman Sachs and Morgan Stanley will make an uninsured deposit […]