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Emergency Lending Facility

All articles tagged with #emergency lending facility

finance2 years ago

First Republic Bank (NYSE:FRC) Surges on Monday, Leading Regional Banks Higher.

First Republic Bank's stock rose 12% in Monday trading, rebounding from a 90% plunge since March due to concerns over deposit withdrawals and declining asset values. The KBW Nasdaq Bank Index and Financial Select Sector SPDR ETF also rose on Monday. US regulators are considering expanding an emergency lending facility for banks, potentially giving First Republic Bank more time to shore up its balance sheet. Deposit outflows were not as bad as feared, according to Federal Reserve data released on Friday.

via Seeking Alpha|
#banking-stocks#deposit-withdrawals#emergency-lending-facility
finance2 years ago

US Considers Further Bank Support Amid First Republic's Troubles

US authorities are considering expanding an emergency lending facility to offer more support to banks, which could give First Republic Bank more time to strengthen its balance sheet. While any changes to the Federal Reserve's liquidity offerings would apply to all eligible users, the adjustments could be designed to ensure that First Republic benefits from the changes. U.S. banks have sought record amounts of emergency liquidity from the Federal Reserve in the past month after the failures of Silicon Valley Bank and Signature Bank.

via Reuters.com|
#emergency-lending-facility#federal-reserve#finance
finance2 years ago

US Considers Additional Bank Support Amid First Republic's Balance Sheet Concerns

US authorities are reportedly considering expanding an emergency lending facility to offer more support to banks, which could give First Republic Bank more time to shore up its balance sheet. While any changes to the Fed's liquidity offerings would apply to all eligible users, the adjustments could be designed to ensure that First Republic benefits from the changes. Earlier this month, the US President's economic team worked with regulators to set up measures to support the banking system, including a new facility to give banks access to emergency funds and making it easier for banks to borrow from the Fed in emergencies.

via CNBC|
#banking-system#emergency-lending-facility#finance
finance2 years ago

First Republic Bank's Stock Struggles Amidst Regulatory Concerns

US authorities are considering expanding an emergency lending facility for banks, which could give First Republic Bank more time to shore up its balance sheet. Regulators see First Republic as stable enough to operate without immediate intervention, but are keeping a close eye on the firm's health and progress. An expansion of the Federal Reserve's liquidity offerings is among options authorities have weighed in recent days, but any change would have to be broadly based, rather than aimed at helping a particular bank.

via Yahoo Finance|
#balance-sheet#emergency-lending-facility#finance