Feds may throw struggling First Republic Bank a lifeline by expanding emergency lending program

are reportedly weighing a potential expansion of an emergency lending program that would allow banks to access more funding to meet their liquidity needs which could buy struggling First Republic Bank more time to regain stability., known as the Bank Term Funding Program , was created earlier this March following the failure of Silicon Valley Bank and Signature Bank to give banks more access to liquidity and safeguard depositors’ funds.

Authorities are reportedly considering an expansion of the Fed's emergency lending program for banks as a way to help institutions like First Republic Bank. The bank saw its stock price plunge to its lowest level in at least a decade from between $115 and $120 per share at the beginning of March to $12.36 per share as of Friday’s close. First Republic also received a downgrade of its credit rating cut to junk status by S&P Global Ratings and Fitch Ratings earlier this month,

How many hundreds of billions did our gov LOSE when they started handing out life lines during Covid?

Bailouts again. No wonder business keep doing the same things over and over again, they know there will be no negative consequences. Things like this help add to inflation, You want to see inflation go down, let a few banks go under

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US explores additional bank support, favoring First Republic: ReportFirst Republic Bank may receive additional support as US authorities reportedly consider options for expanding an emergency credit line for banks. lol it’s over Banks? 🙅🏻‍♂️ $MOAB? 🙋🏻‍♂️ SecondLiveReal Get ready for the future with SecondLife Crypto - the crypto project with Strong Carrying Capacity, Extensive Application Scenarios, and Sustainable Commercial Mode. secondlive web3 stake bean earn Live Website:
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US mulls more support for banks while giving First Republic time, Bloomberg reportsU.S. authorities are considering the expansion of an emergency lending facility that would offer banks more support, in an effort that could give First Republic Bank more time to shore up its balance sheet, Bloomberg News reported on Saturday. Would they consider helping small businesses as well? Bunch of hypocrites. Capitalism for all, please oh look more fake news
Source: Reuters - 🏆 2. / 97 Read more »

US mulls more support for banks while giving First Republic time - Bloomberg NewsU.S. authorities are considering the expansion of an emergency lending facility that would offer banks more support, in an effort that could give First Republic Bank more time to shore up its balance sheet, Bloomberg News reported on Saturday. let it fall Break up the big banks. Something corrupt corporate stooge Obama wouldn't do.
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