Los Angeles
CHANGE MY LOCATION
News By Topic
MADLEN READ
What rate cut? Interbank lending rates keep rising
- Governments around the world have slashed interest rates and ramped up their lending to unprecendented levels, but banks are still charging each other extremely high borrowing rates - a bad sign for the credit markets that remain close to paralysis.
Rate cut loosens credit only at the margins
- The credit markets might not be quite as squeezed as they have been recently, thanks to the Federal Reserve's interest rate cut. But they're hardly back to normal.
- The credit markets might not be quite as squeezed as they have been recently, thanks to the Federal Reserve's interest rate cut. But they're hardly back to normal.
IBM sells $3.9 billion in corporate bonds
- IBM Corp. sold $3.9 billion in bonds on Thursday, a sign that the stalwarts of the corporate world are still finding lenders.
Interbank rates still high after rate cut
- The Federal Reserve's interest rate cut failed to pull down bank-to-bank lending rates Thursday, and the amount of commercial paper in the market fell for the fourth straight week.
Credit markets see a few, tentative signs of thaw
- The squeezed credit markets saw just a few hints of easing on Wednesday after the Federal Reserve slashed the target fed funds rate by a half-point to 1.5 percent.
