JP Morgan asserted that the Fed’s BTFP would administer a $2 trillion fund into the US banking system, mitigating liquidity crux. Read more on CE.
- JP Morgan commented that the Fed’s BTFP would reduce the liquidity crunch in the US Banking system.
- The Federal Reserve has announced the introduction of BTFP, a funding program to help US banks.
- As per the new scheme, the Fed would administer $2 trillion to the US banks.
JP Morgan Chase & Co, the financial services company stated on Wednesday that the Federal Reserve’s emergency funding program would administer almost $2 trillion in funds into the US banking system, alleviating the current liquidity crux.