US explores additional bank support favoring First Republic’s benefit: Report By Cointelegraph
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United States authorities are reportedly deliberating on “expanding” an emergency credit line for banks, which may provide First Republic Bank (NYSE:) a time buffer to address balance sheet concerns, according to people familiar with the situation.
In a March 26 Bloomberg report citing unnamed sources, it was reported that U.S. officials are ruminating on what support, if any, they can provide to First Republic, however an “expansion of the Federal Reserve’s offering” is one of the options being explored.
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United States authorities are reportedly deliberating on “expanding” an emergency credit line for banks, which may provide First Republic Bank (NYSE:) a time buffer to address balance sheet concerns, according to people familiar with the situation.
In a March 26 Bloomberg report citing unnamed sources, it was reported that U.S. officials are ruminating on what support, if any, they can provide to First Republic, however an “expansion of the Federal Reserve’s offering” is one of the options being explored.
Continue Reading on Coin Telegraph
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