The move came on the heels of a deal brokered by Swiss authorities to have UBS buy rival Swiss bank Credit Suisse to prevent its disorderly collapse and signals the depth of concern central bankers have over the recent turmoil in the financial system on both sides of the Atlantic.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.
Operations will commence on Monday and will continue at least through the end of April, the Fed said. “The network of swap lines among these central banks … serves as an important liquidity backstop to ease strains in global funding markets, thereby helping to mitigate the effects of such strains on the supply of credit to households and businesses,” the Bank of Canada press release said on March 19.
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Bank of Canada joins Fed and other central banks in joint liquidity operation as banking fears growThe move came on the heels of UBS buying Credit Suisse and signals growing concerns about turmoil in the financial system. Find out more This is a Trudeau made problem. A dishonest Fed not taking responsibility for their despicable lack of foresight. Bank of Canada officers should be fired and Trudeau should be thrown out of office. The NDP are a the very least culpable for Liberal monetary policy. Criminals ALL! oh oh! Time for some bank runs folks.
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Bank of Canada joins Fed and other central banks in joint liquidity operation as banking fears growThe move came on the heels of UBS buying Credit Suisse and signals growing concerns about turmoil in the financial system. Find out more Swaps and splits and shorts and jorts… none of this makes any sense. I can solve this for everyone … 1. Do you possess the dollar you plan to lend? Yes, or no. 2. If you possess the dollar, you may lend it and dictate terms. 3. If you do not possess the dollar, fuck off. This stuff comes in handy right about now. 😁 Banksters are the crooked.
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Gold surges to $1982.8 as investors rethink the banking crisis and accommodative FedExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
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Plunging bond yields boost stocks’ allure ahead of Fed meetingThe drop in yields has so far been a boon for tech and growth equities
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