Chapter
The Bank of England's Bank Term Funding Program
30:18 - 36:53 (06:34)
The Bank of England's Bank Term Funding Program was created to make money available to banks that need a loan against their long term assets, in order to prevent the same problem experienced by the Silicon Valley bank with long duration bonds.
Clips
A new proposal called the Working Capital Act is seeking to provide loans to small businesses via banks, using individuals’ cash deposits as collateral.
30:18 - 35:48 (05:30)
Small Businesses
Summary
A new proposal called the Working Capital Act is seeking to provide loans to small businesses via banks, using individuals’ cash deposits as collateral. However, the idea has stirred controversy among some experts.
ChapterThe Bank of England's Bank Term Funding Program
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PodcastMy First Million
The US government has launched a new program called the Bank Term Funding Program, which aims to prevent banks from suffering losses due to long-duration bonds.
35:48 - 36:53 (01:04)
Bank Term Funding Program
Summary
The US government has launched a new program called the Bank Term Funding Program, which aims to prevent banks from suffering losses due to long-duration bonds. The program offers loans to banks so they can avoid liquidity problems arising from bonds with reduced value.