Hot sectors in a tepid recovery
The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010. Full Article | Full Coverage
U.S. banks' direct borrowing climbs in week - Fed
NEW YORK, Aug 28 (Reuters) - U.S. banks' direct borrowing from the Federal Reserve at the discount window rose in the latest week, indicating banks remain reluctant to lend to each other, Fed data showed on Thursday.
Banks' discount window borrowings averaged $18.57 billion per day in the week ended Wednesday, Aug. 27, compared with an average $17.61 billion per day the week before.
Primary credit borrowings averaged a record $18.47 billion per day in the latest week, up from $17.51 billion per day the previous week.
Dealers again did not tap the Primary Dealer Credit Facility, one of several programs the Fed introduced to provide cheap financing to financial institutions pinched by the credit crisis.
The portfolio of Bear Stearns assets lodged with holding company Maiden Lane LLC was $29.25 billion as of Aug. 27, compared with $29.21 billion on Aug. 20. (Reporting by Chris Reese; Editing by James Dalgleish)
