# US Fed announces B in funding to backstop banks

# US Fed announces $25B in funding to backstop banks

” US Fed announces $25B in funding to backstop banks “ Hot on the heels of several United States bank collapses, the Federal Reserve has announced $25 billion worth of funding aimed at backstopping banks and other depository firms. The funds would ensure that “eligible banks” would have enough liquidity to cover the needs of…

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