Tagged: First Republic Bank

March 17, 2023 @ 9:11 am By JD Alois  |  

Representative Patrick McHenry, Chairman of the House Financial Services Committee, has issued a statement on the move by big banks to assist First Republic Bank. Yesterday, the largest banks in the US as well as two investment banks, announced $30 billion in deposits for First… Read More

March 16, 2023 @ 3:48 pm By JD Alois  |  

The largest banks in the US have joined to support First Republic Bank by providing $30 billion in money to backstop the firm reflecting their “confidence in the country’s banking system.  Bank of America, Citi, JP Morgan Chase, and Wells Fargo each have committed $5… Read More