Barclays has been named as the party that called on the Bank of England's emergency lending facility on Monday, as the stock market uncertainty claimed another victim, the Scotsman reports.
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...
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