Fed’s lending programs aren’t for insolvent oil drillers, Dallas Fed’s Kaplan says

May 6, 2020 admin Business News Comments Off on Fed’s lending programs aren’t for insolvent oil drillers, Dallas Fed’s Kaplan says

Insolvent or overly leveraged firms, including oil drillers and oil services firms, won’t be able to tap the Federal Reserve’s emergency lending program for “Main Street,” Dallas Federal Reserve Bank President Robert Kaplan said Wednesday.

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Source:: Reuters – Business News