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First Republic gets $30 billion in deposit pledges, Credit Suisse seeks to rebuild confidence and banks borrow billions from the Fed . — Heather Burke

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JPMorgan CEO Jamie Dimon and Treasury Secretary Janet Yellen were on a call Tuesday when she floated an idea: What if the nation’s largest lenders deposited billions of dollars into First Republic Bank, the latest firm that was getting nudged toward the brink by a depositor panic. Over two days of frantic calls, meetings and some arm-twisting, the CEOs of 11 banks agreed to chip in a total of $30 billion for First Republic, promising to park the money there for at least 120 days. Pershing Square’s Bill Ackman said the moves by the largest US banks “raised more questions than it answers.”