The Federal Reserve is expanding a $500 billion emergency lending program for state and local governments to include smaller borrowers, following concern that some needy communities might miss out.
Bearish bets on exchange-traded funds that track high-yield bonds plunged as the Federal Reserve stepped into the market.
An equity market bounce that has weathered a pandemic, shut-down economies and tens of millions of lost jobs now must navigate spiraling civic unrest with the potential to exacerbate all of it.
Federal Reserve Chairman Jerome Powell defended aggressive action to shield the economy as the coronavirus pandemic took hold and said the central bank was “days” away from launching its Main Street Lending Program.
From the Black Monday market crash to the bursting of the dot-com bubble to the collapse of Lehman Brothers, Citigroup Inc.’s Luigi Pigorini has lived through plenty of economic crises.
BlackRock is starting a fund targeting some of the shortest-dated Treasuries.
Legg Mason is starting a value-focused ETF that will conceal its holdings.
The Federal Reserve has already unleashed a barrage of new policies to keep the economy out of depression. Investors reckon it’s lining up another one.
U.S. banks have long looked with pity at overseas lenders coping with negative interest rates. Now, they’re grappling with the fear they may join the crowd.
Northern Trust Corp. is shutting down a money-market mutual fund after volatility in March spurred redemptions that sent it below a regulatory threshold for maintaining liquidity.
Trading platforms Robinhood Markets Inc. and E*Trade Financial Corp. appear to be having issues, Downdetector reported on Monday.