Foreign banks were among the biggest users of the US Federal Reserve’s $3,300bn emergency credit programmes during the financial crisis, according to data reluctantly released by the US central bank.
The revelation about the scale of foreign-owned banks’ borrowing may further anger critics already enraged about the Fed’s bail-out of Wall Street.
The Federal Reserve published the details on Wednesday of more than 21,000 transactions with banks during the financial crisis from 2007 to 2010.
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