Major banks in talks to deposit up to $30 billion with First Republic
JPMorgan, Citigroup and Bank of America are among the big banks that are part of the discussion. Details of the rescue may be announced as soon as Thursday.
The nation’s biggest banks are close to agreeing upon a plan to deposit as much as $30 billion with First Republic Bank in an effort supported by the U.S. government to stabilize the battered California lender, according to people with knowledge of the matter.
Banks including JPMorgan Chase &am
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