wire transfer
-
First Republic Bank seeks to stabilize financial position
It is reported that the First Republic Bank of the United States has disclosed that all available and unused liquidity funds are more than 70 billion US dollars. It is currently obtaining additional liquidity from the Federal Reserve and JPMorgan Chase to strengthen and diversify its financial situation and obtain more funds under the new Federal Reserve loan plan. At the end of last week, the Bank of the First Republic of the United States began to restrict the remittance of funds by wire transfer, and also said that it would completely stop processing wire transfer transactions. Bank of the First Republic of the United States: At present, all available and unused liquidity funds exceed 70 billion US dollars Analysis based on this information:The First Republic Bank of the United States has recently made headlines concerning its liquidity funds, disclosing an available balance of over $70 billion. However, the bank is now seeking additional liquidity from the Federal Reserve and…
