Thursday, March 16, 2023

US bank First Republic receives $30bn to prevent collapse

The US bank First Republic is receiving a $30bn rescue deal following
fears it could collapse in the wake of Silicon Valley Bank's demise.

11 banks are contributing money to shore up the ailing institution
which has seen its share price plummet this week.

Nick Harper reports from Washington.

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http://www.fsnradionews.com/feeds/0316banks-nh.mp3