Don’t call it a bailout! They are simply expressing their confidence in the country’s banking system. At least that’s how America’s largest banks are attempting to swing the news that they are depositing a total of 30 billion uninsured USD into First Republic Bank. US averages started the day off a little shaky as the Swiss National Bank made a 50 billion credit line available to Credit Suisse to help support the bank and calm financial markets. News hit in the late morning that JP Morgan and M…
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