$400 bn is the cost to rescue teetering global banks

In guaranteeing all deposits at Silicon Valley Bank and Signature Bank, the US Federal Reserve is on the hook for $140 billion. Then there's the $54 billion the Swiss National Bank offered Credit Suisse in the form of an emergency loan, and 209 billion Swiss francs ($225 billion) offered to UBS in loans, guaranteed by the Swiss state, and protection against potential losses, CNN reported.

Lenders of last resort -- central banks -- and some of the industrys strongest players provided huge sums of emergency cash to support teetering banks since the global banking crisis began, according to a media report.

More than $400 billion has gone so far in direct central bank support, CNN reported.

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In guaranteeing all deposits at Silicon Valley Bank and Signature Bank, the US Federal Reserve is on the hook for $140 billion.

Then there's the $54 billion the Swiss National Bank offered Credit Suisse in the form of an emergency loan, and 209 billion Swiss francs ($225 billion) offered to UBS in loans, guaranteed by the Swiss state, and protection against potential losses, CNN reported.

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Also read | Banks drag down Wall Street stocks

The US Fed has also agreed to record amounts of loans to other banks this week. Banks borrowed nearly $153 billion from the Fed in recent days, smashing the previous record of $112 billion set during the crisis of 2008.

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Banks also drew on nearly $12 billion of loans from the Fed's new emergency lending programme established at the start of the week with the aim of preventing more banks from collapsing.

The $318 billion the Fed has loaned in total to the financial system is about half what was extended during the global financial crisis, CNN reported.

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"But it is still a big number," said JPMorgan's Michael Feroli in a note to investors Thursday, CNN reported.

Also read | US banks launch $30bn rescue of First Republic to stem crisis

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"The glass half-empty view is that banks need a lot of money. The glass half-full take is that the system is working as intended."

The banking industry has also coughed up billions. JPMorgan Chase, Bank of America and Citigroup are among a group of 11 lenders providing the $30 billion cash infusion aimed at shoring up confidence in First Republic Bank.

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HSBC has reportedly committed more than $2 billion to SVB's UK business, which it bought on Sunday for 1 pound, CNN reported.

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