U.S. mulls more support for banks, give First Republic time, Bloomberg says

U.S. authorities are considering expanding an emergency lending facility for banks in ways that would give First Republic Bank more time to shore up its balance sheet, Bloomberg’s Katanga Johnson and Saleha Mohsin reports, citing people familiar with the matter. Officials have yet to decide on what support they could provide First Republic, if any, and an expansion of the Federal Reserve’s offering is one of several options being weighed at this early stage. Reference Link