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.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode