Fed’s Cook Says Private Credit Hasn’t Hurt Financial Resilience
Federal Reserve Governor Lisa Cook said the rise in lending by nonbank investment firms bears watching but doesn’t appear to have created excessive risk for the financial system.
Federal Reserve Governor Lisa Cook said the rise in lending by nonbank investment firms bears watching but doesn’t appear to have created excessive risk for the financial system.
The UK expelled a top Russian envoy and imposed new restrictions on the country’s diplomats, in one of the most high-profile responses yet to what allied officials describe as a coordinated espionage campaign to weaken support for Ukraine.
Citrix Systems parent Cloud Software Group is tapping US debt markets for the third time in under six months as it looks to repay more expensive obligations, the latest in a flood of risky borrowers taking advantage of benign credit conditions to raise cash.
Brazil’s central bank will likely slow the pace of monetary easing after policymakers evoked growing economic and fiscal uncertainties to back off their guidance for an additional half-point cut to the benchmark interest rate.
Funds are starting to shift their holdings in the $6 trillion US money market ahead of a spate of new rules that will likely boost demand for government securities at the expense of riskier assets.
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