JPMorgan is stepping up for its employees during the coronavirus pandemic, and will pay its front line employees a one-time bonus of $1,000.
Eva Hambach/AFP/Getty ImagesThe latest emergency move: The US central bank on Friday said itof operations that give foreign economies access to zero-interest dollars.
The so-called"swap" lines with five central banks are aimed at easing an extreme shortage of dollars that has emerged during the recent market mayhem. The Fed said these emergency operations, first unveiled on Sunday, will now occur daily, instead of weekly. The liquidity backstop includes the Bank of Canada, Bank of England, Bank of Japan, the Swiss National Bank and the European Central Bank.Demand for dollars has spiked because the greenback is the world's safe haven currency.
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