Barclays confirmed BoE emergency borrower - papers 23 Aug

The UK's third-largest bank, which is involved in a takeover battle with a Royal Bank of Scotland-led consortium for Dutch peer ABN Amro, is understood to have borrowed £314 million from the BoE. AMERICA’S FOUR BIGGEST BANKS, including Citigroup and JPMorgan Chase, have backed the Federal Reserve’s drive to restore stability to the financial system by borrowing $2 billion from its so-called discount window, the Times reports. The banks, which also include Bank of America and Wachovia, are borrowing $500 million each after the Federal Reserve last week cut the rate charged on “discount w...