Federal Agencies: First Republic Bank Rescued with $30 Billion Deposited from 11 Banks
By Editor - Thu Mar 16, 2:38 pm
First Republic Bank was rescued with $30 billion worth of deposits from 11 banks after it faced a falling stock price and fleeing depositors, the Treasury, Federal Reserve, Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency said in a joint statement Thursday.
Originally posted here:
Federal Agencies: First Republic Bank Rescued with $30 Billion Deposited from 11 Banks