Janet Yellen Usa Washington Citi JPMorgan Citigroup Janet Yellen Usa Washington

JPMorgan, Citi and more back First Republic Bank with $30bn in cash

Reading now: 911

The biggest banks in the US swooped in to rescue First Republic Bank with a flood of cash totalling $30bn, in an effort to stop a spreading panic following a pair of recent bank failures.The bank’s executives came together in recent days to formulate the plan, discussing it with Treasury secretary Janet Yellen and other officials and regulators in Washington, DC, people familiar with the matter said.JPMorgan, Citigroup, Bank...

Read more on fnlondon.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News