简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
First Republic secures new facility from JPMorgan
Abstract：(Reuters) – U.S. private bank First Republic Bank said on Sunday it had secured additional financing through JPMorgan Chase & Co, giving it access to a total of $70 billion in funds through various sources.
(Reuters) – U.S. private bank First Republic Bank said on Sunday it had secured additional financing through JPMorgan Chase & Co, giving it access to a total of $70 billion in funds through various sources.
First Republics announcement came after its share price was hit last week in the aftermath of a run on SVB Financial Group.
Silicon Valley Banks collapse on Friday prompted U.S. Federal Reserve and other regulators to announce a series of emergency measures to shore up confidence in the banking system.
In a statement, First Republic said additional borrowing capacity from the U.S. Federal Reserve as well as that from JPMorgan had boosted the amount of liquidity it had available.
(Reporting by Paritosh Bansal; Editing by Kim Coghill)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WikiFX Broker
Latest News
ASIC Sues Binance Australia Derivatives for Misclassifying Retail Clients
WikiFXWikiFX Review: Is FxPro Reliable?
WikiFXMalaysian-Thai Fraud Syndicate Dismantled, Millions in Losses Reported
WikiFXTrading frauds topped the list of scams in India- Report Reveals
WikiFXAIMS Broker Review
WikiFXThe Hidden Checklist: Five Unconventional Steps to Vet Your Broker
WikiFXRussia to Fully Ban Crypto Mining in 10 Regions Starting January 1, 2025
WikiFXYAMARKETS' Jingle Bells Christmas Offer!
WikiFXWhy is there so much exposure against PrimeX Capital?
WikiFXDoo Financial Expands Regulatory Reach with Offshore Licenses in BVI and Cayman Islands
WikiFXCurrency Calculator
