New York Fed met with banks over key lending facility, FT reports

New York Fed met with banks over key lending facility, FT reports

(Reuters) -New York Federal Reserve President John Williams met with Wall Street banks this week to discuss a ​key short-term lending facility, the Financial Times reported ‌on Friday, amid signs of tighter market liquidity. “President Williams convened the New York Fed’‌s primary trading counterparties (primary dealers) to continue engagement on the purpose of the standing…

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'Top secret' White House memo claims Alibaba helps China military target US: report

‘Top secret’ White House memo claims Alibaba helps China military target US: report

A top secret White House memo alleges that Chinese e-commerce titan Alibaba is supporting Beijing’s military in cyber operations targeting the US, the Financial Times reported. The document, which the FT said it reviewed, claims that Alibaba has provided the People’s Liberation Army with access to its customer data and shared information on critical software…

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