{"id":6038,"date":"2023-03-20T19:15:10","date_gmt":"2023-03-20T23:15:10","guid":{"rendered":"https:\/\/miaminewsnetwork.com\/?p=6038"},"modified":"2023-03-20T19:15:10","modified_gmt":"2023-03-20T23:15:10","slug":"first-republic-gets-30-billion-bailout-from-big-us-banks","status":"publish","type":"post","link":"https:\/\/miaminewsnetwork.com\/?p=6038","title":{"rendered":"First Republic gets $30 billion bailout from big US banks"},"content":{"rendered":"\n<p>First Republic Bank, which is facing a crisis of investor and customer confidence, will receive a $30 billion lifeline from a group of America&#8217;s largest banks.<\/p>\n\n\n\n<p>\u201cThis show of support from a group of large banks is very welcome and demonstrates the resilience of the banking system,\u201d the Treasury Department said in a statement Thursday.<\/p>\n\n\n\n<p>Major banks include JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and Truist.<\/p>\n\n\n\n<p>The $30 billion infusion will give the San Francisco lender much-needed cash to meet customer withdrawals and bolster confidence in the US banking system during a tumultuous time for lenders.<\/p>\n\n\n\n<p>A First Republic spokesman declined to comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>First Republic Bank, which is facing a crisis of investor and customer confidence, will receive a $30 billion lifeline from a group of America&#8217;s largest banks. \u201cThis show of support from a group of large banks is very welcome and demonstrates the resilience of the banking system,\u201d the Treasury Department said in a statement Thursday. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6039,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[220],"tags":[2030,2031,2029,2028],"class_list":["post-6038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-30-billion","tag-bank","tag-first-republic","tag-us-banks"],"_links":{"self":[{"href":"https:\/\/miaminewsnetwork.com\/index.php?rest_route=\/wp\/v2\/posts\/6038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/miaminewsnetwork.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/miaminewsnetwork.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/miaminewsnetwork.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/miaminewsnetwork.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6038"}],"version-history":[{"count":1,"href":"https:\/\/miaminewsnetwork.com\/index.php?rest_route=\/wp\/v2\/posts\/6038\/revisions"}],"predecessor-version":[{"id":6040,"href":"https:\/\/miaminewsnetwork.com\/index.php?rest_route=\/wp\/v2\/posts\/6038\/revisions\/6040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/miaminewsnetwork.com\/index.php?rest_route=\/wp\/v2\/media\/6039"}],"wp:attachment":[{"href":"https:\/\/miaminewsnetwork.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/miaminewsnetwork.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/miaminewsnetwork.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}