US: 11 banks pour $30 billion to save First Republic Bank | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
US: 11 banks pour $30 billion to save First Republic Bank

World+Biz

Reuters
17 March, 2023, 12:05 pm
Last modified: 17 March, 2023, 12:10 pm

Related News

  • Bank holiday: Transactions, stock markets to remain suspended tomorrow
  • Budget not promising enough to create favourable environment for business, investment: DCCI president
  • Bank branches near cattle markets asked to carry on transactions till 10pm before Eid
  • 6 troubled banks to be merged by July, govt to take ownership
  • BB governor urges banks to partner with schools to boost banking literacy

US: 11 banks pour $30 billion to save First Republic Bank

Reuters
17 March, 2023, 12:05 pm
Last modified: 17 March, 2023, 12:10 pm
Photo: Reuters
Photo: Reuters

Eleven banks poured $30 billion in deposits to save First Republic Bank, according to a joint statement by US agencies on Thursday (16 March).

"11 banks announced $30 billion in deposits into First Republic Bank," Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, Federal Deposit Insurance Corporation Chairman Martin Gruenberg, and Acting Comptroller of the Currency Michael Hsu said in the statement.

"This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system," they added.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Bank of America, Citigroup, JPMorgan Chase and Wells Fargo announced in a separate statement Thursday they are each making a $5 billion uninsured deposit into First Republic Bank.

While Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, BNY Mellon, PNC Bank, State Street, Truist and U.S. Bank are each making an uninsured deposit of $1 billion, according to the statement.

"The banking system has strong credit, plenty of liquidity, strong capital and strong profitability. Recent events did nothing to change this ... The actions of America's largest banks reflect their confidence in the country's banking system. Together, we are deploying our financial strength and liquidity into the larger system, where it is needed the most," it added.

Top News

US Banks / Global economy / bank

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Abul Barkat at Dhaka Metropolitan Magistrate Court on 11 July 2025. Photo: TBS
    Economist Abul Barkat sent to jail in Tk297cr embezzlement case
  • BNP senior leader Salahuddin Ahmed. Photo: Collected
    No scope for electoral alliance with Jamaat, door not closed for NCP: BNP's Salahuddin
  • Sketch: TBS
    No peace through concession — only struggle secures tomorrow

MOST VIEWED

  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS
  • The overall pass rate across all boards this year, 68.45%, is significantly lower than last year's. Photo: Focus Bangla
    SSC 2025: Rajshahi board records highest pass rate, Barishal lowest
  • Representational image. Photo: Collected
    35% tariff: Bangladesh, US 'agree on most issues' as first day of talks ends

Related News

  • Bank holiday: Transactions, stock markets to remain suspended tomorrow
  • Budget not promising enough to create favourable environment for business, investment: DCCI president
  • Bank branches near cattle markets asked to carry on transactions till 10pm before Eid
  • 6 troubled banks to be merged by July, govt to take ownership
  • BB governor urges banks to partner with schools to boost banking literacy

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

22h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

1d | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

1d | Panorama
Photo: Rajib Dhar/TBS

11 July 2024: Riot vehicles, water cannons hit the streets as police crack down on protesters

18h | Panorama

More Videos from TBS

Shocking science: why birds stay safe on electricity lines

Shocking science: why birds stay safe on electricity lines

51m | TBS Stories
Threat of 35 percent tariff on Canadian goods

Threat of 35 percent tariff on Canadian goods

2h | TBS World
Israel ready to strike back if Iran threatens: Katz

Israel ready to strike back if Iran threatens: Katz

3h | TBS World
India is strengthening ties with Israel

India is strengthening ties with Israel

4h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net