first republic bank frc may get a substantial capital injection or maybe a full acquisition from a consortium of large financial institutions including jp morgan chase  co jpm morgan stanley ms citigroup c bank of america bac and wells fargo wfc the agreement could be reached as early as today according to the wall street journal citing sources the deposit influx in first republic bank from the group of large banks is reportedly worth around 20 billion first republic came under scrutiny after silicon valley banks sivb failure a week ago triggered worries over other regional banks with significant uninsured deposits frc shares fell 32 to 2188 at the open before attempting a strong rebound to 34 posting a 7 daily gain most sp 500 financial stocks were in the green today with ms jpm wells fargo and bac up 33 25 28 and 33 respectively credit suisse group ag cs also rose almost 5 today after the swiss national bank provided liquidity support to address the crisis sp 500 financial stocks daily performance on mar 15 2023 – chart tradingview  among smaller names western alliance bancorporation wal is up 17 on the day and pacwest bancorp pacw rose 9 after dropping as much as 30 since the start silicon valley bank crisis of last week the spdr sp regional banking etf kre surged 48 today is a full deposit guarantee on the table “time is running short before the fire becomes a conflagration” and the “failure to provide a temporary guarantee on all deposits is causing an unnecessary banking crisis” ceo pershing square capital management bill ackman said on twitter today treasury secretary janet yellen on thursday told senators that the us banking system is sound despite the turmoil following the governments moves last weekend to backstop depositors from troubled institutions americans can feel confident that their deposits will be there when they need them yellen told the senate finance committee when questioned about whether people should expect that deposit protection is limitless in light of the governments actions over the weekend yellen reaffirmed the 250000 cap next cramer goldman sachs knew nothing about low end time to play offense and buy first republic