Global central banks open daily dollar taps to help banks

FRANKFURT/WASHINGTON  – Top central banks, faced with the risk of a fast-moving loss of confidence in the stability of the financial system, moved on Sunday to bolster the flow of cash around the world. In coordination with central banks elsewhere, the U.S. Federal Reserve offered daily currency swaps to ensure banks in Canada, Britain, Japan, … Continue reading Global central banks open daily dollar taps to help banks