Banks Give First Republic $30 Billion Lifeline

Eleven banks are depositing a total of $30 billion to First Republic Bank in an attempt to not just lift the struggling bank out of a tailspin but also to boost confidence in the U.S. banking system. Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo announced they are each depositing $5 billion into the [...] The post Banks Give First Republic $30 Billion Lifeline appeared first on ETF Trends .