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:

3-8-2026

  Donald Trump ripped for behavior at dignified transfer: ‘Take your (expletive) hat off’ TENSE: Loud bang reported near U.S. Embassy in Osl...