Wednesday, Aug 22, 2007
Yet more banks line up to take easy money ...
www.thestreet.com: Big Banks Tap Fed Window
Citi and JPMorgan seek to ease credit crunch concerns.... apparently having to borrow $500 million in this fashion is now described as "aiming to make a show of confidence".
Posted by whiteknight @ 07:29 PM (387 views) Add Comment
2 Comments
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1. whiteknight said...
direct link is:
http://www.thestreet.com/s/big-banks-tap-fed-window/markets/marketfeatures/10375751.html
rest of the URL got lost there on the main post.
2. Alan said...
A later edition of thestreet advises of Lehman Bros:
....."investment bank will cut 1,200 positions in 23 locations as a result of the closing of BNC Mortgage"