Summary
A TEAM of the world's largest banks were yesterday reportedly planning to launch a EUR75bn (pounds 37bn) fund to help ease the credit squeeze which is gripping global money markets.
US banking giants JP Morgan, Citigroup and Bank of America are understood to be leading a consortium that will invest in crisis- hit US sub-prime mortgage debt.See the full content of this document
Extract
Banks to Revive Credit Market
British banks HSBC ...
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