First Republic secures USD 30-bn lifeline from largest US banks
New York [US], March 17 (ANI): First Republic Bank, facing a crisis of confidence from investors and customers, is set to receive a USD 30-billion lifeline from a group of America's largest banks, CNN Business reported. "This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system," the Treasury Department said in a statement on Thursday. The major banks include JPM