Watch CBS News

11 big banks rescue First Republic Bank with $30 billion bailout

Name: 11 big banks rescue First Republic Bank with $30 billion bailout
Uploaded: 2023-03-17T07:03:48-0400
Duration: 2 min 33 s
Description: Eleven of the nation's biggest banks rescued regional lender First Republic Bank with a $30 billion bailout after questions about the San Francisco-based bank caused its stock price to tumble this week. CBS News congressional correspondent Scott MacFarlane reports.

Eleven of the nation's biggest banks rescued regional lender First Republic Bank with a $30 billion bailout after questions about the San Francisco-based bank caused its stock price to tumble this week. CBS News congressional correspondent Scott MacFarlane reports.