Reporting by Richard Leong; Editing by Chizu Nomiyama The US Federal Reserve has added two of HSBC's US money market funds as participants in its reverse repurchase agreement programme. It is the first time that a major central bank has lent to one of the world's biggest banks.
The US Federal Reserve has added two of HSBC's US money market funds as participants in its reverse repurchase agreement programme. It is the first time that a major central bank has lent to one of the world's biggest banks.