US-based First Republic Bank, which came to the fore in recent banking crises, received a deposit of $ 30 billion from 11 large banks.
The banking crisis that emerged in the USA is handled extensively by the US Department of the Treasury, the US Federal Reserve (Fed) and the US Federal Deposit Insurance Corporation (FDIC). These three US institutions reported that First Republic Bank received $30 billion in deposits from 11 major banks.
First Republic Bank, whose name is frequently mentioned in the banking crisis, focused on solving its troubled functioning with the deposits it received from many powerful banks.
US Banks Extend Hand to First Republic Bank
Half a hand was extended to First Republic Bank, which was involved in the banking crises in the USA. US Treasury Secretary Janet Yellen, FDIC Chairman Martin Gruenberg and Fed Chairman Jerome Powell made a joint statement on the subject.
In the joint statement, it was stated that 11 banks will provide a strong deposit to First Republic Bank. “This show of support from a group of major banks is welcomed,” the statement said. it was said.
First Republic Bank, which lost more than 30 percent of its share value with the effect of the banking crises in the USA, started to rise again with the support of deposits of $ 30 billion from large banks.
According to the news in the US press, it was stated that JPMorgan, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley are among the banks that will provide deposits to the First Republic Bank.
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