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Posts tagged as “First Republic Bank”

Major Banks Invest $30 Billion to Show Confidence in Banking System Following Collapse of Silicon Valley Bank and Signature Bank

Key takeaways: The banks’ joint statement reinforces confidence in the banking system and their cash infusion of $30 billion is a sign of their commitment to its stability. Treasury Secretary Janet Yellen testified before the Senate Finance Committee, assuring Americans that the banking system is stable and that the decision to backstop all deposits at the two lenders that failed…