FOCUS-How First Republic's courtship of the wealthy led to meltdown
- Location: 2900, Andermatt, Miyagi, Canada
regional banking crisis after the wealthy clients it courted to fuel its breakneck growth started withdrawing deposits and left the bank reeling. Wall Street's top banks, led by JPMorgan Chase & Co, have been trying for more than a week to raise capital for San Francisco-based First Republic after giving it $30 billion in deposits following the failures of regional lenders Silicon Valley Bank and Signature Bank.
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