Financial System, Gulf Oil Spill | featured news

New York Fed probes Wall Street exposure to BP: sources

The Federal Reserve Bank of New York has been probing major financial firms' exposure to BP Plc to ensure that if the oil giant buckles under the costs of the Gulf oil spill, it won't put Wall Street or the global financial system at risk, according to two sources familiar with the matter.

 

Subscribe to this RSS topic: Syndicate content