Bank of England refuses to buy 'toxic' mortgage-backed securities from banks (The Forex Market)

Story date: 2008-03-24 08:38:52
Added on: 2008-03-24 09:00:13

LONDON (Thomson Financial) - The Bank of England yesterday rejected lobbying from Britain's banks for it to follow the US Federal Reserve in buying "toxic" mortgage-backed securities from banks hit by the credit crunch, The Guardian reported.


Read more...

Related Stories:

• Bank of England Announces New Special Liquidity Scheme - Global Politician

  The Bank of England (BOE) has announced a £50 billion lending facility that will permit British banks and building societies to borrow...
  2008-04-28 08:56:00

• Bank of England chief blames banks for Northern Rock crisis

  CNBC - After the events of August, which essentially closed the markets in asset-backed securities, Northern Rock was then a company with...
  2007-09-20 05:58:00

• Bank of England seen freezing rates after Northern Rock chaos

  New Straits Times - The Bank of England is widely forecast to hold interest rates at 5.75 percent Thursday after recent financial...
  2007-10-02 08:53:00

• Mighty Goldman Pulls Back From Once Heady Commercial Securities Market (The New York Observer)

  Here’s how you know the commercial-mortgage-backed securities market is in deep slumber: Goldman Sachs , king...
  2008-08-26 03:47:15

• Australian Central Bank to Buy Mortgage-Backed Debt (Update5)

  Bloomberg - Sept. 6 (Bloomberg) -- Australia's central bank said it will buy debt backed by home loans to add cash to...
  2007-09-05 11:48:00

• Bank of England to Detail Swap Plan for Easing Credit (Update3) (Bloomberg.com)

  April 20 (Bloomberg) -- The Bank of England tomorrow will release its plan to swap government bonds for mortgage-backed securities in an...
  2008-04-20 07:28:42

• European Stocks Decline; UBS, Aegon, British Airways Retreat

  Bloomberg - UBS AG sank to the lowest since 2003 after JPMorgan Chase & Co. said Europe's biggest bank by assets probably...
  2008-03-06 07:30:00

• HSBC to close U.S. mortgage-backed securities desk (Reuters via Yahoo! News)

  Europe's biggest bank HSBC Holdings (O005.HK) said it had stopped selling and trading mortgage-backed securities in the United States, as part...
  2007-11-08 10:35:49