Tag:
Securities Loan
Latest Headlines
Latest Headlines
Bank of America's credit card woes mount
JP Morgan Chase, Citigroup and American Express were among those who have taken advantage of TALF, the Fed's Term Asset-Backed Securities Loan Facility. Together, they've sold $21 billion in card-backed debt this year through the facility. But Bloomberg reports Bank of America has not been abl
PIMCO to launch TALF fund
PIMCO's irrepressible Bill Gross has long been an advocate of the government's attempts to shore up the market for toxic assets, saying there were solid returns to be had. This is more than political rhetoric, apparently. The world's largest bond fund manager has plans to launch a closed-end asset
Hedge funds can now borrow from Fed
The government is committed to keeping the wheels of consumer credit greased. To that end, it has launched a $200 billion effort to support the market for consumer receivables. The Fed announced it will "offer low-cost three-year funding to any U.S. company investing in securitized consumer loans
