The largest banks in the United States want to put a total of more than US$25 billion into First Republic, sources told The Wall Street Journal, as its stock price plummeted and depositors pulled their funds following the news of Silicon Valley Bank’s collapse. The U.S. government is supporting the effort, sources told Bloomberg. Meanwhile, Credit Suisse, which faced similar problems, said it would borrow up to 50 billion Swiss francs from the Swiss National Bank in a move “to pre-emptively strengthen its liquidity.” (The Wall Street Journal, Bloomberg, Reuters)