First Republic Bank saved with $30 Billion capital infusion


Months ago, in a joint statement by the Department of Treasury,

Federal Reserve, Fdic and OCC, they now today,

eleven banks have come together to make a groundbreaking deposit

of thirty billion dollars in first Republic bank.

This unprecedented show of support by some of the nation's

largest banks is a powerful testament to the resilience and strength of the US Banking system. Each of expressed their appreciation for their remarkable act of solidarity.

Question is is it enough to share up First Republic bank,

which was just a day ago downgraded by moody's.


This move has many on Wall Street happy, sending shares of the bank up over ten percent.