Federal Reserve may Review Rules on Lending to the Poor

Federal Reserve may Review Rules

Gold Silver Reports (GSR) – The Federal Reserve may change decades-old rules that require banks to lend to low-income borrowers as part of a broader effort to revise a range of banking regulations, the U.S. central bank’s head of regulation and supervision said on Monday.    

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Top Bond Buyers Vanish Before Modi’s Near-Record Debt Sales

Gold Silver Reports (GSR) – Indian government’s near-record bond sales begin in two weeks. The lingering question is who’s going to buy the securities. While the seven-month selloff in sovereign notes has spurred state-run lenders — the biggest holders — to stay away, global funds too have soured on rupee debt. With scant signs of buying support from any direction, traders are worried about the fate of the 6.06- trillion rupee ($93 billion) borrowing for the year starting April 1.                           

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