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The Week
The Week
National
Arion McNicoll

First Republic: will UK banks survive unscathed?

First Republic United Kingdom United States Jamie Dimon JP Morgan Silicon Valley Bank

US shares dip after collapse of third regional bank, but experts say contagion to the UK is unlikely

The Treasury has sought to reassure the public that the British banking system is safe after First Republic became the third major US bank to fail in two months.

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