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United States of America: The Federal Reserve allocates USD 33.2 million to purchase part of a loan granted to Luxe Brands Inc

Description

On 3 September 2020, the Federal Reserve ('the Fed') purchased 95% of a loan granted to Luxe Brands Inc extended by City National Bank of Florida. The Fed's financial stake in this loan was USD 33.2 m...

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Intervention Details

Intervention Type

Debt purchase

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

03 Sep 2020

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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