First Republic may face curb on Fed borrowings, Bloomberg says

U.S. bank regulators are considering downgrading their private assessments of First Republic, a move that could potentially curb the lender’s access to Federal Reserve lending facilities, Bloomberg’s Katanga Johnson reports. The FDIC has been giving First Republic time to strike a private deal to shore up its finances, but senior officials are increasingly weighing whether to downgrade their scoring of the firm’s condition as weeks continue to pass without a transaction, the author says, citing people with direct knowledge of the talks. Reference Link