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Tag: Fed


Capital and Risk, Liquidity

The Fed is starting its program to purchase corporate bond ETFs

May 12, 2020

Via: CNBC

The Federal Reserve will be starting its long-awaited corporate bond program Tuesday amid a boom in debt issuance. The central bank will kick off its Secondary Market Corporate Credit Facility, which is part of a history-making initiative in which it […]


Capital and Risk, Macroeconomic

Fed’s Mester warns reopening must be done ‘very carefully’ to avoid going backwards

May 8, 2020

Via: Market Watch

Reopening the U.S. economy should be handled cautiously to avoid a second lockdown, said Cleveland Fed President Loretta Mester on Friday. “There’s a possibility of opening up in the second half of the year, but it has to be done […]


Capital and Risk, Credit

Small business loans are not going proportionately to the hardest-hit areas, Fed study shows

May 6, 2020

Via: CNBC

States enduring the brunt of the coronavirus crisis are receiving a smaller proportion of emergency small business loans than some Mountain and Midwest states, according to analysis conducted by the Federal Reserve. “In New York, the epicenter of the coronavirus […]


Capital and Risk, Credit, Regulations

Mnuchin says U.S. will audit small-business loans above $2 million and warns of ‘criminal liability’ for false certifications

April 28, 2020

Via: Market Watch

The Trump administration will audit small-business loans above $2 million, U.S. Treasury Secretary Steven Mnuchin said Tuesday, as he warned of criminal liability for companies who improperly got government cash. “It’s the borrowers who have criminal liability” if they made […]


Activity, Investment Banking

Investors are cashing in from following the Fed this chart shows

April 16, 2020

Via: Market Watch

Investors are sticking to the mantra of follow the Fed – buying any securities and assets eligible for the central bank’s asset purchasing and emergency lending programs set up to combat the coronavirus pandemic. Analysts say one of the clearest […]


Capital and Risk, Credit, Macroeconomic

US Federal Reserve pours $2.3 trillion into financing economy

April 9, 2020

Via: Banking Technology

“This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic,” the Fed said in a statement. Through its ‘Main Street’ lending facility, the […]


Capital and Risk, Credit, Regulations

The Fed is lifting Wells Fargo’s asset cap so it can help lend to small business

April 8, 2020

Via: CNBC

The Federal Reserve is lifting the asset cap it has imposed on Wells Fargo so the bank can participate in the government’s business lending programs. In a move that was expected, the central bank said Wells will have to return […]


Capital and Risk, Macroeconomic

Fed’s Powell Says U.S. Must Get Virus Under Control Before Economy Restarts

March 26, 2020

Via: The New York Times

Jerome H. Powell, the Federal Reserve chair, said during a rare television interview on Thursday that the United States “may well” be in a recession already, but that it should get the coronavirus under control before getting back to work. […]


Capital and Risk, Macroeconomic

Fed is now effectively the ‘lender of last resort’ to Main Street not just Wall Street

March 23, 2020

Via: Market Watch

During the 2008 financial crisis, the Federal Reserve was stung by criticism that its lending programs to get credit flowing in the economy benefitted Wall Street not Main Street. Former Fed Chairman Ben Bernanke, in an unprecedented effort to counter […]


Capital and Risk, Credit

Fed Unveils Emergency Lending Program to Shore Up Credit Markets

March 17, 2020

Via: The New York Times

The Federal Reserve on Tuesday took another step to try and prop up the American economy, saying it would begin buying up a type of short-term debt companies use for funding, known as commercial paper, to help keep credit flowing […]