July 20, 2008

Under strain, banks boost borrowing from Fed

Under strain, banks boost borrowing from Fed
Thu, Jul 17 18:50 PM EDT
By John Parry
NEW YORK (Reuters) - Banks' direct borrowing from the Federal Reserve at the discount window rose in the latest week, one of the most tumultuous weeks for the U.S. banking system in decades, Fed data showed on Thursday.

Paulson to speak on economy, markets next week

Paulson to speak on economy, markets next week
Thu, Jul 17 15:20 PM EDT
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson will deliver remarks on financial markets and the economy on Tuesday in New York, the Treasury said on Thursday.

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