First Republic Bank

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5 big moments from the week that rocked the banking system

Traders work on the floor at the New York Stock Exchange in New York on March 13. Craig Ruttle/AP hide caption

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Craig Ruttle/AP

Business

5 big moments from the week that rocked the banking system

March 17, 2023 • The collapse of Silicon Valley Bank last Friday set off a series of events that have many reeling about just what is happening at banks in the U.S. and around the world.

First Republic becomes the latest bank to be rescued, this time by its rivals

A customer exits a First Republic Bank branch in Manhattan Beach, Calif., on March 13, 2023. The midsized lender was rescued by a group of top banks after suffering an exodus of depositors following the collapse of two U.S. banks. Patrick T. Fallon/AFP via Getty Images hide caption

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Patrick T. Fallon/AFP via Getty Images

Business

First Republic becomes the latest bank to be rescued, this time by its rivals

March 16, 2023 • The lenders including J.P.Morgan and Wells Fargo would deposit $30 billion into the beleaguered midsized lender as part of the rescue.