Cryptocurrency brokerage Genesis will reportedly get an equity infusion of $140 million from its parent company to strengthen its balance sheet after saying its derivatives business has $175 million locked in a trading account of FTX, which has filed for bankruptcy protection. The infusion is...
Answering the call to provide more help for small- and medium- sized businesses (SMBs), the Federal Reserve Board has made adjustments to its Main Street Lending Program. The Fed announced on Monday (June 8) that it has agreed to lower the minimum loan, raise the...
U.S. Sen. Elizabeth Warren (D-Mass.) wants the Federal Reserve Bank to draw up stringent regulations for corporate recipients of U.S. bailout funds – and to prosecute company executives if they “provide fraudulent or misleading information or misuse funds.” Warren noted, in a letter to Fed...
The Republicans are in no hurry to do another COVID-19 bailout. On Tuesday (May 12), PYMNTS reported that House Speaker Nancy Pelosi proposed a $3 trillion spending package for more coronavirus aid. The 1,800-page measure provides more money for Americans impacted by the shutdown. But Republicans...
March 20, 2023
Big banks are reportedly considering expanding their efforts to support First Republic Bank. After 11 banks deposited $30 billion into the bank Thursday (March 16), they are now considering other options that include investing in the bank, the Wall Street Journal (WSJ) reported Monday (March 20). A sale of the bank or an infusion of outside capital are […]
November 11, 2022
Cryptocurrency brokerage Genesis will reportedly get an equity infusion of $140 million from its parent company to strengthen its balance sheet after saying its derivatives business has $175 million locked...
June 08, 2020
Answering the call to provide more help for small- and medium- sized businesses (SMBs), the Federal Reserve Board has made adjustments to its Main Street Lending Program. The Fed announced...
May 19, 2020
U.S. Sen. Elizabeth Warren (D-Mass.) wants the Federal Reserve Bank to draw up stringent regulations for corporate recipients of U.S. bailout funds – and to prosecute company executives if they...
