I’m hearing we have a money center bank, with extensive retail operations, desperately trying to shore up its balance sheet with central bank liquidity injections.

They’re not having much success getting long-term capital needs met, but are limping along with daily backstops from the Fed.

I have yet to get a second source willing to confirm this, so I will not name the bank.

Should this be the case, it could make Lehman Bros. look like the closing of a savings and loan in Peoria.

Extensive losses on equity holdings and currencies as well as its extensive institutional loan book seem to have created this liquidity crunch for the bank.