First Republic Gets $30 Billion From 11 Banks
Update: 2023-03-16
Description
P.M. Edition for March 16. Federal officials said eleven banks deposited $30 billion in the First Republic Bank, as part of a joint rescue plan. Meanwhile, in Europe, shares of Credit Suisse rose, after it, too, secured a lifeline to keep it afloat. Heard on the Street editor and columnist Stephen Wilmot discusses whether the banking turmoil is finally settling down. Annmarie Fertoli hosts.
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