Exclusive: Goldman props own money-market funds with $1 billion after heavy withdrawals

Norge Nyheter Nyheter

Exclusive: Goldman props own money-market funds with $1 billion after heavy withdrawals
Norge Siste Nytt,Norge Overskrifter
  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Goldman Sachs Group Inc had to prop up two of its prime money-market portfolios ...

) had to prop up two of its prime money-market portfolios this past week with more than $1 billion in capital due to heavy investor withdrawals, according to a disclosure filing with the U.S. securities regulator.

Its support came as markets had another violently volatile week over concerns about the coronavirus pandemic, and represents an extraordinary move in the staid money-market fund industry. Industrywide, investors pulled tens of billions of dollars from prime money-market funds, which buy top-rated corporate debt and are seen as relatively risky compared to portfolios that heavily feature U.S. government debt obligations.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

Reuters /  🏆 2. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Fed's Rosengren says liquidity tool meant to prevent run on prime money market fundsFed's Rosengren says liquidity tool meant to prevent run on prime money market fundsBoston Federal Reserve Bank President Eric Rosengren said there is little the U....
Les mer »

Advance Auto Parts to draw down $500 million of $1 billion credit facilityAdvance Auto Parts to draw down $500 million of $1 billion credit facilityAdvance Auto Parts Inc. said Friday it has tapped $500 million of a $1 billion credit facility as it moves to increase its cash position in the midst of the coronavirus outbreak. Proceeds will be used for working capital, ongoing operating needs and general corporate purposes, the Shares rose 1.8% premarket but are down 48% in the last 12 months, while the S&P 500 has fallen 15%.
Les mer »

20 Pantry Before-and-Afters to Inspire Your Own Homebound Clean-Out20 Pantry Before-and-Afters to Inspire Your Own Homebound Clean-OutNow's the time to tackle all the cans, boxes, and bags that fall when you open your pantry.
Les mer »

Sonder has a new location in Moinian building amid coronavirus crisis - Business InsiderSonder has a new location in Moinian building amid coronavirus crisis - Business InsiderSonder, last valued at north of $1 billion, is planning to open its largest Manhattan location yet with developer and landlord The Moinian Group.
Les mer »

More than half of Californians could become infected with coronavirus, Gov. Gavin Newsom says to TrumpMore than half of Californians could become infected with coronavirus, Gov. Gavin Newsom says to TrumpGov. Gavin Newsom asked Congress for $1 billion on Thursday to support California&39;s fight against the coronavirus.
Les mer »

Michael Bloomberg Spent At Least $876 Million On His Failed Presidential BidMichael Bloomberg Spent At Least $876 Million On His Failed Presidential BidMichael Bloomberg poured nearly $1 billion into his short-lived presidential campaign, as of the end of February.
Les mer »



Render Time: 2025-03-16 01:37:49