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Monthly Archives: November 2015

New Fed rule limits its crisis bailout powers | Reuters

[ad_1] WASHINGTON The Federal Reserve Board on Monday adopted a rule that stops it from bailing out individual companies, a change that Congress demanded after the central bank’s controversial decision to help rescue American International Group (AIG.N) and others during the financial crisis. The rule is designed to help end ...

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Trump says meeting with U.S. black clergy went ‘very well’ | Reuters

[ad_1] NEW YORK Republican presidential front-runner Donald Trump met a group of black pastors on Monday over the objection of other African-American clergy and academics who had assailed what they called the candidate’s racially charged rhetoric. Trump, the billionaire mogul, emerged from the more than two-hour meeting saying it went ...

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New York Fed to run U.S. repo operation on Wednesday | Reuters

[ad_1] NEW YORK The Federal Reserve Bank of New York said on Monday it will run a “small-value” repurchase operation on Wednesday morning, including several tranches of Treasuries and agency-backed securities, in order to prepare for an eventual interest rate hike. The “small-value” repo operation will “have an overnight tenor,” ...

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Man throws liquid at Finnish finance minister | Reuters

[ad_1] HELSINKI A man walked up to Finland’s finance minister, Alexander Stubb, and threw liquid on him on Monday in a gesture of anger at comments Stubb made about a government bill on securities holdings but which he later retracted as wrong. Stubb was meeting people in a cafeteria in ...

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