Bank Reserves: What Are They and Why a Shortage Is Roiling a Key Interest Rate

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Bank Reserves: What Are They and Why a Shortage Is Roiling a Key Interest Rate

Bank reserves are normally obscure, even to bankers and professional investors. But this week they have hit the news when a shortage of them caused a key measure of borrowing costs—known as the overnight repo rate—to spike. That’s a worry, because …
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Bank of England says failure to reach end-October Brexit deal would hurt growth

LONDON (Reuters) – The Bank of England said Brexit uncertainty and slower world economic growth were increasingly causing Britain’s economy to perform below its potential, and that a failure to reach a deal to leave the European Union by Oct. 31 would …
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Steven M. D'Antuono Named Special Agent in Charge of the Detroit Field Office

Mr. D'Antuono joined the FBI as a forensic accountant in 1996, assigned to the Providence Resident Agency in Rhode Island, under the Boston Field
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Blackstone buys Dream Global REIT in $6.2B deal

Blackstone Group, a U.S. private equity firm, has signed a deal to acquire Dream Global Real Estate Investment Trust in a deal valued at $6.2 billion, including debt. Dream Global holds a portfolio of office and industrial properties located in Western Europe, …
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Free McDonald's swag Thursday with Uber Eats delivery

McDonald’s is celebrating its third annual McDelivery Day later this week with this year’s swag event encouraging fans to order in the evening, the busiest delivery time for the chain. Dubbed McDelivery Night In, the free line of apparel and merchandise …
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