U.S. bank regulators are weighing the prospect of downgrading their private assessments of First Republic Bank , which could lead it to face potential curbs on borrowing from the Federal Reserve, Bloomberg News reported on Wednesday.
A person walks past the First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar/File Photo
, which could lead it to face potential curbs on borrowing from the Federal Reserve, Bloomberg News reported on Wednesday. said citing people, adding that would likely limit the bank's use of the Fed's discount window and an emergency facility launched last month.of more than $100 billion in deposits in the first quarter.for the first time ever on Wednesday after a report said the U.S. government was unwilling to intervene in the rescue process, hammering the lender's stock.
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