March 17, 2023
The government arranged for a $30 billion investment in the First Republic Bank, which was in danger of failing. (By Yamini D. Sridhara, cc-by-sa-4.0, https://bit.ly/3FuvWXK)
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Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis.
By KEN SWEET, AP Business Writer
March 17, 2023
