Bank of America, city group and JP Morgan and Wells Fargo will each contribute $5 billion in deposits. First Republic share price was down almost 30 percent by midday Eastern time on Friday. Some analysts said it actually confirmed the worst that first republic was indeed in financial trouble. We haven't seen any buyer emerge for Silicon Valley Bank or Signature yet; we're trying to figure out who would buy them.
Let's talk about last week. The Real Deal’s Deconstruct explains the catalysts behind the collapse of Silicon Valley Bank and Signature Bank last week and the lasting impact on regional banks, real estate lending and the Fed’s next steps.
Credits: CNBC, ABC News, NBC News, CBS, CNN, Forbes