A bank with Mark Zuckerberg in its client base has received a $30b ‘prop-up’ #bank #Mark #Zuckerberg #client #base #received #30b #propup #englishheadline

The “uber-rich” Silicon Valley entrepreneurs have propped up a failing First Republic bank with a US $30 billion contribution from major US banks, according to Englishheadline Business Editor Ross Greenwood.

“One noted client is Mark Zuckerberg who had taken out a $5 million mortgage for a house,” Mr Greenwood told Englishheadline Australia.

“It just gives you a small indication of the client base – they were renowned for throwing significant parties.”