U.S. Fed aims 'bazooka' at coronavirus to backstop economy [Reuters]
Ameriprise Financial, Inc. (AMP)
Last ameriprise financial, inc. earnings: 1/29 04:10 pm
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Source: Reuters
U.S. Fed aims 'bazooka' at coronavirus to backstop economy (Reuters) - The U.S. Federal Reserve on Monday mounted an extraordinary new array of programs to offset the “severe disruptions” to the economy caused by the coronarvirus outbreak, backstopping an unprecedented range of credit for households, small businesses and major employers. The new programs mean the Fed will lend against student loans, credit card loans, and U.S. government backed-loans to small businesses, and buy bonds of larger employers and make loans to them in what amounts to four years of bridge financing. A new “Main Street Business Lending Program” that will extend credit to small- and-medium sized businesses will also be announced “soon,” the Fed said. Existing purchases of U.S. Treasury and mortgage-backed securities will be expanded as much as needed “to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy.” “It’s their bazooka moment,
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News
- Geri Eisenman Pell: How Merging My Firm Helped Me Plan for Succession [Barron's]Barrons
- AM Best Affirms Credit Ratings of Ameriprise Financial, Inc. and Its SubsidiariesBusiness Wire
- Ameriprise Financial and Feeding America® Join Forces to Help Provide Meals This Holiday SeasonBusiness Wire
- Ameriprise Financial's (NYSE:AMP) five-year earnings growth trails the strong shareholder returns [Yahoo! Finance]Yahoo! Finance
- Sophisticated Resources to Support High-Net-Worth Clients Draws Advisor with $100 Million to Ameriprise Team [Yahoo! Finance]Yahoo! Finance
AMP
Earnings
- 10/23/24 - Miss
AMP
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 13F-HR
- 11/13/24 - Form 4
- AMP's page on the SEC website