A scramble by troubled U.S. lender First Republic Bank to secure a capital infusion kept worries about the broader banking sector alive on Wednesday as authorities considered steps to further strengthen financial stability. | Reuters
The wipeout of Credit Suisse’s Additional Tier-1 bondholders has sent shockwaves through bank debt markets, and some Asian lenders may find it difficult to replenish their capital by issuing AT1 bonds, Citigroup said in a research note on Wednesday.And worries over the health of mid-sized U.S. lenders linger, particularly First Republic.
The scenarios were being discussed as major bank chief executives gathered in Washington for a scheduled two-day meeting starting Tuesday, sources familiar with the matter said. U.S. Treasury Secretary Janet Yellen said the country’s banking system was sound despite recent pressure.
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