A number of central banks around the world worked in coordination to enhance the provision of liquidity through the standing U.S. dollar swap line arrangements.
Lance Nelson | The Image Bank | Getty Images
The Fed on Sunday said it had joined with the Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank in a coordinated action to enhance the provision of liquidity through the standing U.S. dollar swap line arrangements. The move came the same day as UBS announced it was buying Credit Suisse to help shore up concerns about the global financial system. Swiss authorities brokered the deal to prevent a disorderly collapse of the bank and concerns rise about financial turmoil on both sides of the Atlantic.
The move comes just a few days ahead of the Fed's two-day meeting, after which it will announce its intentions on interest rates. Markets on Sunday evening were pricing in about a 74% chance of a quarter percentage point rate increase on Wednesday, according to the CME Group's FedWatch gauge.
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 coordinates with global banks to to ease dollar-funding as banking crisis intensifiesThe Federal Reserve and a quintet of global central banks on Sunday announced a coordinated effort to ease a fast-growing banking crisis, in the hours after...
Les mer »
Fed and other central banks try to head off crisis by keeping dollars flowing | CNN BusinessThe US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to boost the flow of US dollars through the global financial system with the aim of keeping credit flowing to households and businesses.
Les mer »
Fed, other central banks set joint liquidity operationThe U.S. Federal Reserve on Sunday said it had joined with the Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank in a coordinated action to enhance the provision of liquidity through the standing U.S. dollar swap line arrangements.
Les mer »
How SVB, FTX and stocks fell victim to the Fed's year of rate hikesVictims of the Fed: How a year of rate hikes cratered stocks - and fueled the demise of FTX and Silicon Valley Bank
Les mer »
Wall St Week Ahead: Plunging bond yields boost stocks' allure ahead of Fed meetingWhipsawed U.S. stocks have gained an unexpected ally in recent days - a historic plunge in bond yields.
Les mer »