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Bank stocks rally on reports of capital infusion and liquidity support.

1 min read
Source: MarketWatch
Bank stocks rally on reports of capital infusion and liquidity support.
Photo: MarketWatch
TL;DR

US bank stocks ended higher as 11 banks confirmed a $30 billion capital infusion for First Republic Bank. Treasury Secretary Janet Yellen also cited the strength of the financial system.

Topics:nationbanking#banking#capital-infusion#financial-system#first-republic-bank#janet-yellen#us-banks
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  1. U.S. bank stocks rise on report of potential capital infusion for First Republic  MarketWatch
  2. Eleven banks rescue First Republic Bank with $30 billion in uninsured deposits  Yahoo Finance
  3. The Fed stands ready to provide liquidity through the discount window  ForexLive
  4. Bank shares rebound off lows as big banks come to the aid of First Republic  CNBC
  5. Credit Suisse Surges 40% on Lifeline, Fueling Bank-Stock Rally  Bloomberg

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