NRock borrowing slows down

The ‘other assets’ category of the Bank’s weekly balance sheet is considered to be the best indicator of how much Northern Rock has borrowed and current figures indicate total borrowing of around £23bn. The figure is £500m up on last week’s balance sheet, considerably lower than previous weeks, when the amount borrowed has risen by an average of £2.8bn per week. The lower loan may mean the bank is finally able to access other sources of funding, though it is uncertain who would be willing to risk lending to the troubled lender. Bid teams have already been assembled by two potential buyer...