First Republic Bank said Sunday night that it had secured additional borrowing capacity from the Federal Reserve and JPMorgan Chase, which it said “increases, diversifies and further strengthens First Republic’s existing liquidity profile.” First Republic said it now has more than $70 billion of available, unused liquidity to fund its operations, and that doesn’t include additional liquidity...
First Republic Secures Additional Liquidity From Fed, JPMorgan
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Fintech’s Big Wakeup Call

Fintechs were supposed to transform banking by making it dead simple for users to open savings accounts or pay their bills. But a series of recent high-profile setbacks with both fintechs and the traditional banking sector is setting off alarm bells. This month’s series of bank collapses has shined a spotlight on the health of small banks, typically a behind-the-scenes partner of...
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