Wall Street's biggest lenders and the US government came to the aid of First Republic Bank after its share price fell by 60 per cent over the past week. AFP
Wall Street's biggest lenders and the US government came to the aid of First Republic Bank after its share price fell by 60 per cent over the past week. AFP
How Wall Street helped secure a $30bn lifeline for First Republic Bank
Eleven banks, including Bank of America, Citigroup, JP Morgan Chase and Wells Fargo, deposited billions of dollars to support the distressed lender after a flurry of calls