The Board of Governors voted 4-1 in favor of the changes, with the dissenter saying they would weaken core safeguards.
“For the foreseeable future, we’re going to be looking at doing the sorts of things we did the last two days," Fed Chair Jerome Powell says.
The position can help overcome a blind spot when it comes to optimizing liquidity stemming from companies' efforts to minimize operational risk.
Seemingly minor overseas issues can significantly affect a restructuring or distressed-sale transaction by a U.S. parent company.
U.S. companies have not relinquished their liquidity buffers or their habit of keeping cash in ultra-safe investment vehicles.
The bedding products maker says materials price increases and costs to integrate an acquisition have left it with only $523,000 in cash on hand.
An SEC pilot program approved in December “represents an unprecedented attempt to distort free market mechanisms," the NYSE says.
No matter how grim things become, it's important to face each level of distress as soon as it arises and with full transparency.
The company says its liquidity challenges "raise substantial doubt about Kodak’s ability to continue as a going concern.”
The downgrade to a B2 rating reflects "the significant shortfall in the production rate" of the Model 3 vehicle and liquidity pressures, Moody's says.
A direct listing would allow Spotify to avoid the hefty underwriting fees of a traditional IPO while providing liquidity to shareholders.
The struggling retailer gets more time to pay off a $400 million loan and expects to obtain a new secured credit facility.
