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End of Fed Tool That Buoyed US Banks Puts Reserves in Spotlight

(Bloomberg) Wall Street banks are hunting for alternative ways to shore up their coffers as an emergency lending tool that helped resolve last year’s regional banking crisis expires.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStocks Kick Off Key Inflation Week Under Pressure: Markets WrapThese Are the Best Countries for Wealthy Expats‘Oppenheimer’ Wins Seven Oscars Including Best Picture, DirectorThe Bank Term Funding Program, which was established in ....

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Cheap Costs Push Use of Fed Term Funding Tool to Fresh Record

(Bloomberg) Banks borrowed a record amount from the Federal Reserve’s newest backstop facility in the most recent week as wagers on interest-rate cuts continue to make it a more attractive choice.Most Read from BloombergIslamic State Claims Responsibility for Deadly Iran BlastsJust a Billion Doesn’t Cut It on This Exclusive Florida IslandConfidential Jeffrey Epstein Documents Unsealed by New York CourtTech’s Losing Streak Extends Ahead of Jobs Test: Markets WrapDeadly Iran Blasts and Red Sea ....

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New Mexico ranks on top 10 worst states for banking access | Clickable

New Mexico scored only 2.67 out of the possible 100 points as the study showed 7% of New Mexico households were unbanked in 2021.

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