Briefing

First Republic Secures Additional Liquidity From Fed, JPMorgan

By
Nate Becker
· · Source: The Information

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...

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