rattled the short-term lending that underpins the financial system, known on Wall Street as funding markets. Traces of the shake-up remain.
At the first signs of banking tumult, funding-market activity fell to its quietest since the Covid-19 pandemic erupted. On two days in mid-March, less than $2 billion of commercial paper with maturities longer than 80 days was issued, according to Federal Reserve data on the short-term IOUs issued by companies to fund their operations. That is well below typical levels for the unsecured debt averaging around $8 billion of issuance a day.
the new world order of the financial system has Mr. Dimon announces on CNN - Failure is okay - banks go bust, okay Hedge Fonds broke, okay the failure bring the profit?
Office Vacant Space will not be a shakeup. It will be a Earthquake. Are Banks reserving enough or do I have to pay for it.
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