Banks are under pressure from depositors’ embrace of money-market funds, pushing a popular Federal Reserve-sponsored financing program into the spotlight.are increasing at a record clip.
Much of that cash is making its way to the Fed’s overnight reverse repurchase facility, which borrows from money funds and other firms in exchange for securities such as Treasurys and then returns the money the next day.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exxon sees oil, gas prices taking some of the shine of its Q1 earningsExxon Mobil Corp. said in a filing Tuesday that it expects oil prices in the first quarter to knock between $600 million and $1 billion out of its upstream...
Read more »