US explores additional bank support, favoring First Republic: 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 claimed U.S. officials are pondering what support, “if any,” can be provided 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 claimed U.S. officials are pondering what support, “if any,” can be provided 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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