First Republic Bank Rescued From Bankruptcy

Wall Street rallied today after banking regulators announced that nearly a dozen of the nation's largest banks agreed to inject $30 billion into first republic. California-based First Republic Bank becomes the third US bank this week rescued from collapse. Nervous customers have seen their bank's value plummet since Silicon Valley Bank collapsed last week. Democrats said former President Trump and Republicans were responsible for the latest crisis for lifting post-great recession bank regulations in 2018.