First Republic Bank's stock selloff continues despite $30 billion bank boost, and Baidu shares lifted after winning driverless robotaxi permit

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First Republic Bank's stock selloff continues despite $30 billion bank boost, and Baidu shares lifted after winning driverless robotaxi permit
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FedEx's stock soared, while shares of Credit Suisse and XPeng were among decliners on Friday.

Stock declinersStock decliners.

Stock declinersStock decliners
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US: Eleven banks deposit $30 billion into First Republic BankUS: Eleven banks deposit $30 billion into First Republic BankIn a short statement, the Federal Reserve (Fed), the Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC) and the Office of th
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Eleven Banks Deposit $30 Billion in First Republic BankEleven Banks Deposit $30 Billion in First Republic BankEleven banks have deposited $30 billion in First Republic Bank, according to a joint statement from the heads of the Treasury, Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency.
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First Republic receives $30 billion rescue from 11 large banksFirst Republic receives $30 billion rescue from 11 large banksMeanwhile, Treasury Secretary Janet Yellen is firmly reassuring Congress and the nation that the U.S. banking system remains sound.
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First Republic Bank shares drop as $30 bln rescue fails to reassure investorsFirst Republic Bank shares drop as $30 bln rescue fails to reassure investorsShares of First Republic Bank tumbled 13% in premarket trading on Friday as $30 billion in deposits injected by large U.S. banks failed to quell investor worries about the beleaguered lender.
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Wall Street Rides to the Rescue as 11 Banks Pledge First Republic $30 Billion in DepositsWall Street Rides to the Rescue as 11 Banks Pledge First Republic $30 Billion in DepositsDEVELOPING: A group of financial institutions has agreed to deposit $30 billion in San Francisco-based First Republic in what's meant to be a sign of confidence in the banking system, the banks announced.
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