{"id":81623,"date":"2023-03-17T00:36:38","date_gmt":"2023-03-16T20:36:38","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=81623"},"modified":"2023-03-17T00:43:15","modified_gmt":"2023-03-16T20:43:15","slug":"11-us-banks-deposit-30-billion-into-first-republic-bank","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/11-us-banks-deposit-30-billion-into-first-republic-bank\/03\/17\/market-updates\/","title":{"rendered":"11 US banks deposit $30 billion into First Republic Bank"},"content":{"rendered":"\n<p>In a short statement, the Federal Reserve, the Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) announced a massive deposit of 11 banks into the Frist Republic Bank. <br><br>US markets are up on Thursday, with the Dow Jones up by more than 1% and the Nasdaq gaining by 2.45%. The support from banks to the Frist Republic Bank was a key factor in today\u2019s rally. Shares of the bank reversed a 36% decline, and near the end of the session, are up by 10%. <br> <br>Full statement: <br>Today, 11 banks announced $30 billion in deposits into First Republic Bank. This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a short statement, the Federal Reserve, the Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) announced a massive deposit of 11 banks into the Frist Republic Bank. US markets are up on Thursday, with the Dow Jones up by more than 1% &hellip;<\/p>\n","protected":false},"author":13,"featured_media":81629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6885,10252,9776],"class_list":["post-81623","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-fed","tag-first-republic-bank","tag-treasury-department"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=81623"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81623\/revisions"}],"predecessor-version":[{"id":81627,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81623\/revisions\/81627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81629"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=81623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=81623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=81623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}