central-bank
Fed approves curb to future ‘too big to fail’ lending
November 30, 2015 by admin · Leave a Comment
The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG , Citigroup and others in 2008. The rule, unanimously approved by the Fed's Washington-based board in an open meeting, requires that any future emergency lending be only “broad-based” to address larger financial market…
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Fed approves curb to future ‘too big to fail’ lending
central-bank
Wall St. opens flat, set to end the month higher
November 30, 2015 by admin · Leave a Comment
The three major indexes were set to end the month higher for the second straight month. While the U.S. central bank is likely to raise interest rates for the first time since June 2006, the European Central Bank is expected to unveil fresh monetary easing measures on Thursday. “We're coming off a quiet holiday week and we have a lot of hurdles to cross this week with all the data that we're expecting,” said Scott Brown,
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Wall St. opens flat, set to end the month higher