Eleven of the largest banks in the United States, including Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, invested $30 billion in First Republic Bank. The financial institutions- namely Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have agreed to give $5 billion each while BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank, have each pledged $1 billion. Goldman Sachs and Morgan Stanley have agreed to give away $2.5 billion.
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