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the nations biggest thanks made a dramatic move today to rescue a smaller bank and head off a potential crisis a big move now some of the worlds largest banks have given First Republic Bank a billion dollar bailout to keep it from collapsing california-based First Republic Bank was given a 30 billion dollar Lifeline from 11 other banks in a deal partly brokered by treasury secretary Janet Yellen fewer money in tonight after the collapse of those two American Banks the rescue this evening a group of American Banks now creating a 30 billion dollar rescue package to save First Republic Bank [Music] running again another U.S bank went under First Republic is the 14th largest U.S bank yet they may be on the brink of financial collapse four banks have hit rock bottom in less than a week silvergate Bank Silicon Valley Bank Signature Bank Credit Suisse and now the contagion has spread to one of Americas biggest Regional Banks despite being a mid-sized Bank First Republic caters to the same
