• Reuters


The Financial Services Agency is extending provisions that help regional financial institutions get public funds in response to risks posed by Britain’s vote to leave the European Union, sources say.

The regulator, which oversees banks, securities brokerages and other financial institutions, is extending by five years a program that allows regional banks and credit unions to borrow from the public purse more easily, people knowledgeable about the matter said Tuesday.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.