Apollo’s Insurance Arm Vaults to Second-Biggest FHLB Borrower
✨ AI Summary
🔊 جاري الاستماع
Apollo Global Management Inc.’s insurance arm was the second-biggest borrower last year in the Federal Home Loan Bank system, a Depression-era program designed to shore up mortgage lending that has morphed into a go-to — and controversial — source of cheap financing for banks and other financial institutions.
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