Boeing will seek federal help — but won’t give taxpayers a stake

Boeing will seek federal help — but won’t give taxpayers a stake

Although the federal government likely will end up owning stakes in the nation’s airlines, taxpayers probably won’t receive shares of Boeing (BA). Although some of those other companies, such as airlines, will likely get direct government grants to weather the crisis, Boeing said it was looking primarily for loan guarantees, which can lower the cost […]

CMBS investors seek relief from the Federal Reserve

CMBS investors seek relief from the Federal Reserve

Investors in securitised products backed by commercial mortgages on hotels, casinos and malls are calling on the Federal Reserve to come to their aid, after a severe sell-off driven by the outbreak of coronavirus. The US central bank has already committed to injecting...
‘The Federal Reserve is working hard to support you’

‘The Federal Reserve is working hard to support you’

Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019.Joshua Roberts | ReutersFederal Reserve Chairman Jerome Powell is trying to reassure Americans about this unprecedented...
Federal Reserve taps BlackRock to manage bond purchases

Federal Reserve taps BlackRock to manage bond purchases

The US Federal Reserve on Tuesday tapped a division of BlackRock, the world’s largest asset manager, to manage billions of dollars in bond and mortgage-backed security purchases as the US central bank works to cushion the economic and financial fallout from...