Word: lende
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Governor, there was plenty else to answer for. A day before his appearance in front of the committee, the Bank of England announced plans to pump $20 billion into the money markets, to help thaw the freeze on liquidity and push down the bloated rate banks are charging to lend one another cash. It also broadened the kind of collateral those banks could put up in return for accessing the central bank funds. In itself, that wasn't controversial - the European Central Bank and U.S. Federal Reserve have both pumped cheap cash into the markets in recent weeks to help...
...stock market," says Howard Wheeldon, senior strategist at BGC Partners in London. "It was perceived as a good growth stock with a good model." Its approach: a limited branch network meant savings chipped in by its own customers amounted to a smaller chunk of the funds it could lend in the form of mortgages. So the company turned instead to other banks for cash. The result: three-quarters of its funds were borrowed from the wholesale credit markets, versus around half at rival mortgage bank Alliance & Leicester and 25% at Bradford & Bingley. "For years," says Wheeldon, "they made the wholesale...
Federal Reserve Chair Ben S. Bernanke ’75 and the Federal Open Market Committee voted to slash the target federal funds rate, the overnight rate at which banks can lend to each other, by half a percentage point yesterday to four-and-three-quarters percent—a move that was met with moderate approval from Harvard’s economists. In a statement, the Fed said that “the tightening of credit conditions has the potential to intensify the housing correction and to restrain economic growth more generally,” and lowered the rate...
...Bank of England had agreed emergency credit for Northern Rock, Britain's fifth-largest mortgage provider and the U.K.'s first bank to be left reeling from the global credit crunch. Jitters in the credit markets were triggered by the collapse of a U.S. subprime mortgage sector built on lending to home buyers with poor credit histories. With that risky debt having been spliced, repackaged and flogged to banks around the world, financial institutions are less keen to lend each other cash. And when they do, they're charging each other more for the privilege...
...Bank of England had pledged emergency credit to Northern Rock, Britain's fifth-largest mortgage provider and the U.K.'s first bank to be left reeling from the global credit crunch. Jitters in the credit markets were triggered by the collapse of a U.S. subprime mortgage sector built on lending to home buyers with poor credit histories. With that risky debt having been spliced, repackaged and flogged to banks around the world, financial institutions are less keen to lend each other cash. And when they do, they're charging each other more for the privilege...