US Fed takes aggressive action as EU debates whether to use crisis fund
Countries battle against coronavirus fallout
The Fed said it would allow approved dealers in government debt to borrow cash against some stocks
The US Federal Reserve has redeployed a measure used in the last financial crisis to shore up the funding markets, which are in turmoil due to the coronavirus pandemic.
On Tuesday night (17 March) the Fed said it would allow approved dealers in government debt - including the largest banks - to borrow cash against some stocks, municipal debt, and higher-rated corporate...
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