UPDATE 1-ECB prepares more aid for virus-stricken euro zone [Reuters]
Bank of America Corporation (BAC)
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Source: Reuters
UPDATE 1-ECB prepares more aid for virus-stricken euro zone * Big policy move almost certain this month or next * Increase in emergency bond buys most likely * Likely to debate buying junk debt * Rate cut highly unlikely (Adds market, Germany’s fiscal package) By Balazs Koranyi and Francesco Canepa FRANKFURT, June 4 (Reuters) - The European Central Bank is certain to give the ailing euro zone economy another shot in the arm but, with arguments split over its timing, the only question is whether it will act on Thursday or hold out until July. As a coronavirus-induced recession runs deeper and longer than expected, governments are running record deficits to cushion the impact, putting a greater burden on the ECB to soak up this new debt and keep borrowing costs manageable. The ECB has made it clear it will do its part and the severity of the slump argues for earlier action. But a still-elusive political deal on European Union-wide fiscal support strengthens the case for patience. “Argum
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BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 4/25/24 - Form FWP
- 4/24/24 - Form 424B2
- 4/24/24 - Form NPORT-P
- BAC's page on the SEC website