FED's mandate is to focus on unemployment, GDP, and inflation. There is no way they are extending help to bank's.
All of this is a short-term shit. UBS acquired credit Suisse, Republic was financed $30bn by 11 banks and Citi has recently lended $5bn to Republic Bank so that they get time for restructuring. It will come back to normalcy soon.
saynotochichorapan t1_jdm96tr wrote
Reply to Bank stocks fell again, is this a good opportunity to buy at the bottom? by BeyondShroud
FED's mandate is to focus on unemployment, GDP, and inflation. There is no way they are extending help to bank's. All of this is a short-term shit. UBS acquired credit Suisse, Republic was financed $30bn by 11 banks and Citi has recently lended $5bn to Republic Bank so that they get time for restructuring. It will come back to normalcy soon.