US Considers More Support for Banks While Giving First Republic Time

US authorities are considering extending an emergency loan facility for banks in ways that will provide First Republic Bank more time to strengthen its balance sheet, according to people with knowledge of the situation.

Officials have not yet decided what, if any, support they might give First Republic and an extension of The Federal Reserve’s offer is one of several options being considered at this early stage. Regulators continue to grapple with two other failed lenders – Silicon Valley Bank and Signature bank – which requires more immediate attention.