Monday, 27 March 2023
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First Republic receives $30 billion in deposits from big banks By Reuters

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First Republic receives $30 billion in deposits from big banks

© Reuters. A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar

(Reuters) – First Republic Bank (NYSE:) has received $30 billion in deposits from several big banks including JPMorgan Chase & Co (NYSE:), Citigroup Inc (NYSE:) and Morgan Stanley (NYSE:), the banks said in a statement on Thursday.

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