British Banks Increase Borrowing Cost

Story date: 2007-09-04 10:35:00
Added on: 2007-09-04 20:00:21

CNBC - The current rate reflects banks' reluctance to loan funds to rivals at anything but a premium until they know the extent of the mortgage crisis. By raising their interbank rates, banks can hold on to their own liquidity, staying shy of potential ...


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