The U.S. Federal Reserve is quietly demanding that regional banks shore up their liquidity planning, as part of a ramp-up in efforts to tighten oversight in the wake of three bank failures earlier in 2023, Bloomberg’s Hannah Levitt reports. Regulators have issued a slew of private warnings to banks with assets of $100B-$250M, such as Citizens Financial (CFG), Fifth Third (FITB), and M&T Bank (MTB), the author says, citing people with knowledge of the matter.
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