Tuesday, 17 March 2020

U.S. Treasury approves revival of Fed primary dealer backstop

U.S. Treasury Secretary Steven Mnuchin on Tuesday said he approved the creation of a new primary dealer credit facility to ease credit market disruptions caused by the coronavirus epidemic, resurrecting the second 2008 financial crisis-era backstop in less than a day.



from Reuters: Business News https://ift.tt/3bamfMR
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