A group of 11 U.S. banks has agreed to make $30 billion in deposits at First Republic Bank to avoid another regional bank failure.The rescue comes after Silvergate Bank, Silicon Valley Bank and Signature Bank collapsed amid a liquidity crisis caused by a deposit run."Today, 11 banks announced $30 billion in deposits into First Republic Bank.
#approximately #news-release #small-number #composition #goldman-sachs #morgan-stanley #wells-fargo #jpmorgan-chase #federal-reserve-bank
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