NY Fed markets head says central bank will be transparent with new lending facilities

REUTERS: Investors fled to safety as worries about the coronavirus outbreak increased, leading to heightened volatility and requiring the Federal Reserve to respond rapidly to stem losses from a"synchronized global selloff" and to help markets function, a senior official at the New York Fed said Friday.

Singh recapped the steps the Fed has taken to help companies borrow by supporting the markets for commercial paper, corporate bonds and municipal bonds. "We will proactively identify and address conflicts of interest – real or perceived - for anyone working on the facilities," he said.Singh previously worked as a senior partner and chief U.S. economist at SPX Capital. He also worked at the Treasury Department from 2011 to 2017 in financial markets and as deputy assistant secretary for international affairs.

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Lawyer disbarred for misleading ex-client into illegally lending $49,500 to his friendSINGAPORE - A lawyer who misled a former client into unlawfully lending a large sum of money to his friend under the guise of an investment opportunity, has been struck off the rolls.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »