UK bank offers extra cash amid credit squeeze

The Bank of England will today offer additional reserves to lenders as part of a global attempt to tackle the deepening credit crisis.

UK bank offers extra cash amid credit squeeze
Tue, 18 Dec, 2007 - 08:01

The Bank of England will today offer additional reserves to lenders as part of a global attempt to tackle the deepening credit crisis.

The BoE, the US Federal Reserve, the European Central Bank, the Bank of Canada and the Swiss National Bank unveiled a co-ordinated plan last week to ease an impending new year freeze in wholesale money markets.

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