Bank lifelines ease global financial crisis fears

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By Pete Schroeder and Scott Murdoch (Reuters) – Multi-billion dollar lifelines for troubled U.S. and European banks shored up investor confidence on Friday and bolstered sentiment in battered stocks, although concerns now centre on whether a global financial crisis has been fully averted. Large U.S. banks injected $30 billion in deposits into First Republic Bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week. The package came less than a day after Swiss bank Credit Suisse clinched an e…

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