Is There Any Alternative to Tech? And Big Banks Come to the Rescue of First Republic 3/16/23
CNBC's "Fast Money"
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First Republic Getting $30 Billion Capital Injection From 11 Major Banks
First Republic gets $30 billion capital injection from 11 major banks. Chris Marenach, head of research at Jenny Montgomery: "This is a solvable problem" He says equity and some issuance to the banks who participated is again very unlikely. But he thinks many banks have modest holes on capital due to health and maturity securities.
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