Middle-market companies say the Federal Reserve's $600 billion Main Street Lending Program has failed to produce promised relief due to onerous terms and low availability, according to a report from Bloomberg News. Sources tell Bloomberg that...
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September 15, 2020, 09:10 AM
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The economic recovery from the COVID-19 pandemic is likely to face headwinds even if the downside risks do not materialize, and a second wave would magnify that challenge, said Federal Reserve Board Member Lael Brainard, in a recent speech hosted by...
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The Federal Reserve Bank of New York announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin purchases of exchange-traded funds (ETFs) on May 12.As specified in the term sheet, the SMCCF may purchase U.S.-listed ETFs whose...
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Nearly four months into its $60 billion-a-month Treasury bill-buying program, the Federal Reserve is battling a perception among some investors that its asset purchases are equivalent to the central bank's postcrisis quantitative easing...
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February 10, 2020, 09:10 AM
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The Federal Reserve Bank of New York announced that Douglas L. Kennedy, president and chief executive officer of Peapack-Gladstone Bank has been elected a Class A director representing Group 2, which consists of banks with capital and surplus between...
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December 27, 2019, 08:50 AM
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The Federal Reserve is likely to cut interest rates by less than financial markets expect over the rest of 2019 given robust jobs growth in the US, Fitch Ratings says. A 25bp cut now appears probable at either the July or September FOMC meeting but...
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A top official at the U.S. Federal Reserve tempered warnings issued by the agency that record high levels of business debt coupled with deteriorating credit standards could "leave the business sector vulnerable to a downturn in economic activity or a...
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Domestic businesses found it easier to raise capital from banks and commercial lenders in the first quarter of 2018, as increased comeptition to book loans led to an easing of lending standards to U.S. borrowers. That's according to new survey data...
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The Federal Reserve Board issued a final rule establishing annual assessment fees for its supervision and regulation of large financial companies. For the 2012 assessment period, the first year for which assessment fees will be collected, the Board...
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August 19, 2013, 08:02 AM
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The October 2012 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. This summary is based on responses from 68 domestic...
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November 01, 2012, 06:00 AM
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