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Loss Mitigation First Bank Form

Loss Mitigation First Bank Form

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and let's take a look at First Republic which is trading a lower in after hours after the market close following the announcement that 11 of the nation's largest banks are depositing 30 billion dollars in the bank Yahoo finances David Hollerith has been following the story David what can you tell us so and as uh the deal is uh you know almost a dozen of the nation's largest banks um and it's sort of broken down in terms of what they're putting into this deal uh to First Bank um uh Bank of America and JP Morgan are putting in are putting in about five billion dollars a piece Goldman Sachs Morgan Stanley or each depositing 2.5 billion dollars while U.S Bancorp truest PNC State Street and Bank of New York melon or each putting in one billion dollars um so these deposits are uninsured and they're supposed to stay with First Bank for at least 120 days and obviously this is a an effort to to shore up First Bank you've been covering the story all week um you know as as the stock is clearly be

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