Beware of robber banks (RB), bad advisors.
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Fed says primary corporate credit facility now open for business
The Federal Reserve announced that the Primary Market Corporate Credit Facility opened for business Monday, the last of its nine pandemic emergency lending programs to become operational. The program was announced in March as a flight from risk began raising borrowing costs for corporations of all kinds. Partly due to Fed interventions, corporate credit spreads have since narrowed and companies have been able to borrow billions of dollars via new financing to take advantage of cheaper credit costs. The Fed said in its release that pricing will be issuer-specific and informed by market conditions. Prices will also be ... (full story)