Bank stocks rally on reports of capital infusion and liquidity support.
TL;DR Summary
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.
- U.S. bank stocks rise on report of potential capital infusion for First Republic MarketWatch
- Eleven banks rescue First Republic Bank with $30 billion in uninsured deposits Yahoo Finance
- The Fed stands ready to provide liquidity through the discount window ForexLive
- Bank shares rebound off lows as big banks come to the aid of First Republic CNBC
- Credit Suisse Surges 40% on Lifeline, Fueling Bank-Stock Rally Bloomberg
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