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Post-Brexit Global Equity Loss of Over $2 Trillion Worst Ever: S&P

Brexit Market Losses Reached a Record $2T Global markets lost more than $2 trillion in paper wealth following news that the UK had voted to leave the EU.  That made the largest single-day drop in history, surpassing a $1.9 trillion sell-off during the financial crisis in September 2008.  Edward Krudy describes what happened. To read the full article in Reuters, click: Post-Brexit Global Equity Loss of Over ...

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New Fed Rule Limits its Crisis Bailout Powers

Fed Limits its Ability to Rescue Financial Firms The Federal Reserve has adopted restrictions on its ability to rescue failing financial companies.  Howard Schneider reports in this article that under the rules, the Fed can provide only broad-based assistance and cannot rescue individual firms. To read the full article in Reuters, click: New Fed Rule Limits its Crisis Bailout Powers. ...

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