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First Republic tells CNBC lender not seeing massive outflows of deposits
The Fly

First Republic tells CNBC lender not seeing massive outflows of deposits

First Republic Bank (FRC) executive chairman Jim Herbert told CNBC’s Jim Cramer that the lender has been able to meet withdrawal demands this week with the help of extra funding from JPMorgan (JPM). Herbert added that the company was not seeing massive outflows of deposits and that the business was operating as normal, though he declined to say specifically how much money was withdrawn, according to Cramer. Reference Link

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