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business reporters Kate Ainsworth and Emilia Terzon with wires

ASX gains after another US bank bailed out, Westpac tips RBA interest rate pause — as it happened

First Republic GFC Nasdaq Emilia Terzon

A group of major US banks is pledging to put $45 billion into First Republic bank, while Westpac now expects the RBA to hold fire next month despite Europe's central bank hiking rates.

Wall Street was happy about it, but the response on the ASX has been much more muted.

Look back at Friday's market developments with our blog.

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