A DEAL to deposit US$30 billion into First Republic Bank, announced on Thursday was put together by top power brokers from the US Treasury, Federal Reserve and banks including JPMorgan Chase & Co after a steep decline in the lender’s shares.
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Hong Kong’s financial resurgence fuelled by surge of offshore wealth
Strong net fund inflows of HK$7 trillion brought the city’s managed assets back up to HK$35.1 trillion at the end of 2024
