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Real Estate & Property Law

: Housing Wire

Repo Overhaul May Include Federal Clearing Bank

By DIANA GOLOBAY

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A plan said to be in the works at the Federal Reserve to bring sweeping changes to the broad repurchase markets may involve the formation of a federal clearing bank to take the place of banks like Bank of New York Mellon (BK: 27.97 -5.51%) and JPMorgan Chase (JPM: 32.87 -6.09%). Repurchase markets — or repo [...]

Full post as published by Housing Wire on June 22, 2009 (boomark / email).

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