First Republic receives $30 billion in deposits from big banks
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A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar
(Reuters) - First Republic Bank has received $30 billion in deposits from several big banks including JPMorgan Chase & Co, Citigroup Inc and Morgan Stanley, the banks said in a statement on Thursday.
(Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)
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