Tag Archives: Bank of America

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank.

Wells Fargo Securities, BofA Securities Lead $2.5B ESG-Linked Credit Facility for Host Hotels & Resorts

Host Hotels & Resorts amended and restated its existing $2.5 billion credit facility. The agreement extends maturities from January 2025 to January 2028, including all extension options, and continues to provide a $1.5 billion revolving credit facility and two $500 million term loans.