Fed
Fed takes emergency steps to slash rates and ease bank rules
The Federal Reserve took massive emergency action on March 15 to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds.
Turkish state bank downscales in New York under Fed grip
The Turkish state-run bank Ziraat has notified its custormers that its New York branch, which recently came under an âenforcement actionâ from the U.S. Federal Reserve, will close all retail accounts by December 31.