U.K. props up mortgage lender Northern Rock (MSNBC)

Story date: 2007-09-14 05:03:44
Added on: 2007-09-14 20:00:17

The Bank of England provided emergency funding to mortgage lender Northern Rock PLC on Friday after the bank, citing the global credit squeeze triggered by the U.S. subprime mortgage crisis, said it was unable to line up short-term loans from other financial institutions.


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