Friday, November 16, 2007

Fresh turmoil on fear of new bank seeking emergency aid

From The Times November 16, 2007
Siobhan Kennedy, Christine Seib and Tom Bawden

Britain’s banking sector was yesterday thrown into fresh turmoil as lending rates rose sharply amid fears that another bank had sought emergency funding from the Bank of England.
Shares in Britain’s banks plunged despite a statement from Barclays that its exposure to the sub-prime crisis was far lower than had been feared.

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