Jun 25, 2020
The Federal Reserve will bar big banks from increasing their dividend payments, following the central bank’s annual stress tests that included a “sensitivity” analysis incorporating the impact of the COVID-19 crisis. The Fed on Thursday afternoon described 33 of the nation’s largest banks as a “source of strength,” noting that all the banks appear strongly […]
Jun 18, 2020
Despite grilling Federal Reserve Chairman Jay Powell on the central bank’s corporate bond purchases earlier this week, Sen. Pat Toomey (R-PA) says the Fed gets “good marks” for its response to the economic crisis spurred by the COVID-19 pandemic. “We need to follow...
Jun 16, 2020
Federal Reserve Chairman Jerome Powell pushed back on concerns over the Fed’s intervention in the corporate bond market, telling Congress on Tuesday that the central bank is prioritizing proper market functioning with its purchases. “I don’t see us as wanting to run...
Jun 15, 2020
Stock futures kicked off the overnight session higher Monday evening, extending gains from the regular trading day. Earlier, stocks closed out a choppy session higher, with equities in the morning tracking toward another session of steep declines before paring losses....
Jun 15, 2020
The Federal Reserve is proposing an extension of its emergency loan program to include U.S. nonprofits like universities and charitable organizations. On Monday, the Fed released a framework for how it might offer loans as small as $250,000 or as large as $300...
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