Summary

Article Name
Bloomberg: US Banks Urged to Increase Reserves After First Republic's Move
Description
Several major U.S. banks, including JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America, are reportedly planning to boost their reserves by setting aside approximately $100 million each, following their contributions to First Republic Bank’s $30 billion deposit aid last month.
Author
Susan Jane
Publisher Name
Reuters
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