Summary
CREDIT concerns continued to hang over the London market yesterday after it emerged the Bank of England made an emergency loan of pounds 314111.
The Bank's standing facility, which allows banks to borrow unlimited amounts at a penalty rate of 6.75%, was tapped for the first time since the liquidity crisis began.See the full content of this document
Extract
Credit Gloom As Bank Loans Pounds 314m ; Market Watch
The identity of the firm involved was not disclosed, but the move cast a cloud over the FTSE 100 Index, wh...
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