JPMorgan halts ties with Purdue Pharma

Source: Dukascopy Bank SA
JPMorgan Chase has trimmed its ties with the OxyContin maker Purdue Pharma over its the drugmaker's alleged role in the American opioid crisis, a move that is forcing it to look for another bank to manage its bill and cash payments.
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Thu, 23 May 2019 20:36:59 GMT

Washington unveils $16B farm aid plan

On Thursday, Trump's Administration announced a $16B farm aid plan to offset the ten-month trade war losses with China, saying that payment rates were set to be determined by the location where they farm, not what crops they grow.

Thu, 23 May 2019 19:29:58 GMT

Major US banks seek $700B in reserves

The Federal Reserve stated on Thursday that the major US banks would seek holding at least $700B in reserves, compared to the existing holdings worth $1.2 trillion.

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