A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse, but a late tumble in the troubled U.S. lender's shares showed investors were still worried about cracks in the sector
* Despite the rescue, First Republic's shares fell 17% in extended trading on Thursday, after it said it was suspending its dividend.liquidity from the Federal Reserve over recent days in the wake of the failure of Silicon Valley Bank and Signature Bank, which in turn helped undo months of central bank efforts to shrink the size of its balance sheet, Fed data showed on Thursday.the U.S. banking system remains sound and Americans can feel confident that their deposits are safe.
* Credit Suisse CEO Ulrich Koerner told staff to focus on facts as he pledged to rapidly move forward with a plan to streamline operations. * Wall Street bank JPMorgan said that Credit Suisse's takeover by another lender, probably its Swiss rival UBS* Japan's finance ministry, financial regulator and central bank said their officials will meet on Friday to discuss market developments.
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