Thunes, a leading global money movement innovator, and Pomelo, a pioneering credit-powered remittance company, today announced a groundbreaking partnership to transform international money transfers from […]
Tag: credit
Coordinated central bank action to enhance the provision of US dollar liquidity
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced that they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank are each making an uninsured deposit of $1 billion, for a total deposit from the eleven banks of $30 billion.