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Major US banks rescue troubled First Republic with $30bn

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America's largest banks have stepped in with a $30bn rescue package to shore-up the troubled First Republic bank.

Stocks on Wall Street rallied on the news which followed turmoil in the banking sector, starting with a run on Silicon Valley Bank last week.

Sky News' US Correspondent Mark Stone has the latest.

Read more here: https://bit.ly/3mYMbWK

#finance #banks #unitedstates #crisis

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Category
World
Tags
silicon valley bank, silicon valley, silicon valley bank crash
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