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Details On US Banks Depositing $30B In First Republic

US

In confirmation of earlier headlines, a total of 11 major US banks are to deposit $30B with First Republic. Now with new details by bank from Bloomberg:

  • GOLDMAN, MORGAN STANLEY EACH MAKES UNINSURED DEPOSIT OF $2.5B (bbg)
  • BAC, C, JPM, WFC EACH MAKING A $5B UNINSURED DEPOSIT INTO FRC (bbg)
  • BNY-MELLON, PNC BANK, STATE STREET, U.S. BANK EACH DEPOSIT $1B (bbg)

S&P E-minis stay close to session highs of 3996.50 on the announcement, up 1.8% on the day.

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