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The Independent UK
The Independent UK
National
Via AP news wire

Banks said to be working on rescue plan for First Republic

First Republic Bank America Silicon Valley Bank
Copyright 2023 The Associated Press. All rights reserved

Some of America's largest banks are working on a rescue package for First Republic Bank, according to several media reports.

First Republic Bank's stock began to falter as customers began pulling their deposits out. But it was up more than 6% Thursday after reports of the recue package surfaced.

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