Congress should consider measures to improve access to credit by consumers, home buyers, businesses and other borrowers, Bernanke says
Report suggest broad weakness in U.S. economy
Bank of Canada acts to boost market liquidity; U.S. government to buy banking shares
Bank of Canada lowers overnight rate target to 2.5%
Several of the world’s major central banks are spelling out their latest new measures aimed at pumping up market liquidity.The banks, led by the U.S. Federal Reserve Board, recently announced coordinated actions to expand the provision of U.S. dollar liquidity. Today, they announced schedules for term and forward auctions of U.S. dollar liquidity conducted during […]
U.S. Treasury, Fed pledge additional support for financial markets
The temporary reciprocal currency arrangements aim “to address elevated pressures in U.S. dollar short-term funding markets.”
U.S. officials say action is necessary to address the root cause of market turmoil
Morgan Stanley then reaches into an agreement in which 20% of itst equity would be sold to Japan's Mitsubishi UFJ Financial Group Inc.
Bank of Canada and the Fed agree on a US$10 billion swap facility