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Move is the 1st of its kind since its 2008 financial crisis and the scary part is the fed still doesnt know what caused the spike so lets take a step back and really understand what the repo market is its essentially a short term borrowing market where banks and institutions lend to one another banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk ....
Hello and welcome to bbc news. Jeffrey epstein died from suicide by hanging thats the reported conclusion of the autopsy into the death of the disgraced american financier. He was found dead in his cell last saturday while awaiting trial on sex trafficking charges. Investigations have been taking place into why epstein was taken off suicide watch a few days before his death. I asked our north america correspondent peter bowes whether the findings of the autopsy settle the questions about how he died once and for all. Well, theres been a considerable amount of speculation over the last week including many conspiracy theories about the way he died. There was a newspaper report here a few days ago that suggested he may well have had injuries typical of someone who had been strangled, although those injuries in fact could have also been found from someone older who had taken their own life through hanging. Well we now know officially that that is the cause of death, suicide through hanging ....
Hello and welcome. A post mortem examination has concluded that the death of the disgraced financier, jeffrey epstein, was suicide. The 66 year old who was being held in a new york prison was awaiting trial on child sex trafficking charges. The chief medical Examiners Office said that epstein had hanged himself and that a full report would be issued later. Lets get the latest from our north america correspondent, peter bowes. Peter, will this answer many of the questions swirling around this case . Well i think the questions are likely to continue. This is an official statement from the coroner, that the cause of death was suicide by hanging and of course there had been a considerable amount of speculation regarding the circumstances of his death and it looks like that speculation will continue. We have had a statement from mr epsteins legal team in which they talk about the mediaeval conditions that the prison where he spent hi ....
Who was awaiting trial on sex trafficking charges, could have been murdered. Air travellers across the United States have been facing major delays following a Computer Systems failure that caused chaos at airports. The us customs and Border Service says its computers are beginning to come back online and so far, theres no indication the disruption is malicious in nature. The veteran Hollywood Star peter fonda has died at his home in los angeles from lung cancer. He was 79. The actor, seen as a counter cultural icon, was best known for the 1969 film easy rider, which he co wrote and produced. Coming up later in this half hour, the film review. But first, heres click. Heres something that splits opinion you either love these or you hate them. Depending, really on whe ....
At the age of 79. Hello and welcome. A post mortem examination has concluded that the death of the disgraced financier, jeffrey epstein, was suicide. The 66 year old, who was being held in a new york prison, was awaiting trial on child sex trafficking charges. The chief medical Examiners Office said that epstein had hanged himself and that a full report would be issued later. Our north america correspondent, peter bowes has more. This is an official statement from the coroner, that the cause of death was suicide by hanging and of course there had been a considerable amount of speculation regarding the circumstances of his death and it looks like that speculation will continue. We have had a statement from mr epsteins legal team in which they talk about the mediaeval conditions that the prison where he spent his final hours. And they go on to say that the defence team fully intends to conduct its own independent and complete inve ....