1 minute readMarch 16, 20237:28 PM UTCLast Updated ago

First Republic receives $30 bln in deposits from big banks

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

March 16 (Reuters) - First Republic Bank (FRC.N) has received $30 billion in deposits from several big banks including JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N) and Morgan Stanley (MS.N), the banks said in a statement on Thursday.

Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta

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First Republic receives $30 bln in deposits from big banks

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