Biggest US Banks Plan to Bolster Reserves

Banks deposited $30 billion into First Republic to show confidence and support after SVB's issues. They now need to boost reserves to cover potential losses, following accounting rules that require banks to have provisions for unforeseen events. Although the $100 million is a small fraction of the $5 billion each bank contributed, it highlights the inherent risks despite the good intentions.

How much did big lenders like JP Morgan and Citibank contribute to First Republic?

What does the situation with First Republic indicate about the risks involved in banking?