December 3, 2024

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Fed, ECB and four other central banks take ‘coordinated action’ to ensure dollar liquidity

Fed, ECB and four other central banks take ‘coordinated action’ to ensure dollar liquidity

Fed, ECB and four other central banks take ‘coordinated action’ to ensure dollar liquidity

Bet_Noire/iStock via Getty Images

The Federal Reserve and five of the world’s other top central banks unveiled an enhanced U.S. dollar-liquidity arrangement Sunday in the wake of recent banking woes at Credit Suisse (CS), Silicon Valley Bank (SIVB