Federal Reserve Aid To The Global Financial Markets -Winston Rowe & Associates

The Federal Reserve, along with five other central banks, acted Wednesday to make it cheaper for banks around the world to borrow U.S. dollars.
 
 
Spread the Word
Listed Under

Tags:
* Banking
* Finance
* News
* Business
* Economy
* Money
* Stocks
* Invesing

Industrys:
* Finance
* Business
* Banking

Location:
* Michigan - US

Dec. 2, 2011 - PRLog -- Federal Reserve Aid To The Global Financial Markets -Winston Rowe & Associates

Contact Winston Rowe & Associates directly, if you need commercial real estate financing or if you have a unique situation at; 248-246-2243 or visit their web site at http://www.winstonrowe.com

New Story:

Europe's hurting for cash and central banks around the world are stepping in to give it a boost.

The Federal Reserve, along with five other central banks, acted Wednesday to make it cheaper for banks around the world to borrow U.S. dollars.

Overall, these efforts are meant to "ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity," the Federal Reserve said in a press release.
World stock markets surged on the news, pushing the Dow (INDU) back into positive territory for the year.

These liquidity facilities could come in handy if Europe's debt crisis, for example, escalates to the point that foreign banks need the funds to continue normal business transactions.

Since May, the cost for European banks to borrow dollars from other European banks has skyrocketed. Through central bank auctions announced in September, these banks can borrow dollars at reduced interest rates, for periods of three months.

This is meant to lower the cost of short-term borrowing for troubled European banks, as well as give them immediate access to dollars. Today's actions continue that plan and further reduce borrowing costs.

In its statement Wednesday, the Fed stressed that the move is designed to offer help to foreign banks, and that U.S banks are not in need of liquidity, at least for now.
Meanwhile, the People's Bank of China also announced a plan to increase liquidity Wednesday by lowering its reserve requirement ratio for financial institutions by half a percentage point.

End of news story:

They can provide commercial financing faster, easier and with better terms and conditions than bank financing and financing offered by other commercial lending and funding sources.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

Winston Rowe & Associates also provides commercial real estate loans in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,   Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

# # #

Winston Rowe & Associates is a nation wide commercial real estate consulting firm that does not charge upfront fees for commercial loans.
End
Source:Staff Writer
Email:***@winstonrowe.com Email Verified
Phone:248-246-2243
Zip:48082
Tags:Banking, Finance, News, Business, Economy, Money, Stocks, Invesing
Industry:Finance, Business, Banking
Location:Michigan - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Winston Rowe & Associates No Upfront Fee Lenders News
Trending
Daily News
Weekly News



Like PRLog?
9K2K1K
Click to Share