Thursday, Mar 20, 2008
Banks now pleading for BOE funding help "if needed" - how reassuring is this?
BBC: Bank bosses to meet governor King
The bosses of major UK banks will be meeting Bank of England governor Mervyn King later. They are likely to tell Mr King that he needs to do more to reassure their creditors that the central bank will provide help if it is needed. It comes a day after the Financial Services Authority launched an inquiry into whether false rumours were spread in the City to undermine bank shares. The Bank of England reassured investors that the rumours were untrue.
Posted by jack c @ 08:51 AM (165 views) Add Comment
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