In the $30 billion rescue attempt of First Republic on Friday, Too Big To Fail Banks led by J.P. Morgan Chase, Citi, and Bank of America
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But a separate cast of unsung heroes also was at work, and this shows what private enterprise can do. Soon after SVB’s shares took a tumble in the after hours market on Wednesday night, March 8, sending a wave of fear across thousands of customers, fintech firms started working to help cash-strapped startups meet payroll—and win new business for themselves.
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