Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure. The data also showed $11.9 billion in borrowing from the Fed’s new emergency backstop known as the Bank Term Funding Program, which was launched Sunday. Other credit extensions totaled …
London: British Prime Minister Theresa May suffered an early defeat to her Brexit plans on Wednesday, when lawmakers demanded the government come up with a plan B within days if she loses a vote on her deal to leave the European Union. With less than three months before Britain is due to leave the EU, parliament kicked off a five-day …
