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Bank of England completes 20 billion pound corporate bond sale programme

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Bank of England completes 20 billion pound corporate bond sale programme

LONDON, June 6 (Reuters) – The Bank of England said on Tuesday it was ending its programme of corporate bond sales, after offloading almost all of the 20 billion pounds ($24.8 billion) it bought as part of its quantitative easing (QE) programme. The BoE first bought corporate bonds in 2016, to support the economy after … [Read more…]

Sen. Warren seeks details on ‘troubling’ sale of First Republic to JPMorgan

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Sen. Warren seeks details on ‘troubling’ sale of First Republic to JPMorgan

WASHINGTON, May 18 (Reuters) – U.S. Senator Elizabeth Warren is questioning federal bank regulators on their decision to sell First Republic Bank to the nation’s largest bank, JP Morgan Chase. In a letter sent to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation Wednesday, Warren said the deal was “deeply … [Read more…]