US banks consider rescuing First Republic as its shares plunge #banks #rescuing #Republic #shares #plunge #englishheadline


America’s biggest banks are close to agreeing to a $50 billion rescue bid for First Republic Bank.

First Republic’s share price swung wildly on Thursday, plunging as much as 36 per cent only to lift 28 per cent.

The lender which specialises in private banking saw its shares plummet in the aftermath of regulators seizure of fellow regional lenders Silicon Valley Bank and Signature Bank over the past week.

English Headline

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