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First Republic Bank considering financial lifeline

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This is a welcome sign of confidence in the strength of the banking system

U.S. stocks closed higher on Thursday following the news First Republic Bank is actively considering a financial lifeline amid its own crisis.

Some of America’s largest banks are reportedly in talks to inject billions of dollars into the struggling San Francisco lender.

This would give it additional financial firepower to meet customer withdrawals and boost confidence.

The big banks involved in providing the lifeline include JPMorgan, Bank of America, Wells Fargo, Citigroup and Truist.

The bailout is expected to total roughly $30 billion.

U.S. officials appear to be pleased with the prospect of an industry-led rescue of First Republic.

Many say the fact America’s largest banks are discussing a lifeline for the San Francisco-based lender is a welcome sign of confidence in the strength of the banking system.

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Money

The integral step to entering the property market

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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LA real estate agent reveals the secret to success

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What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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