U.S. banks borrow at discount window after Fed offers stigma relief

March 27, 2020 admin Business News Comments Off on U.S. banks borrow at discount window after Fed offers stigma relief

With encouragement from the Federal Reserve, U.S. banks have turned to a long-shunned lending facility known as the discount window to borrow $50.8 billion, according to data the central bank released on Thursday.

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Source:: Reuters – Business News