Monday, August 27, 2007

Fed bends the rules to help two of the largest US banks

The regulations in question effectively limit a bank's funding exposure to one of its affiliates to 10% of the bank's capital. The Fed has allowed Citibank and Bank of America to blow through that level - allowing them to lend up to 25 Billion to their subsidiaries. (approx 30% of capital) The move shows that the crunch is sapping even the big boys

read more | digg story

No comments:

8-20-2026

  U.S. preparing to force Netherlands to ban ASML from selling to China OBSESSION... Trump's Ever-Present Assistant Becomes Talk of Wash...