Wednesday, November 28, 2007

Alliance & Leicester Now Quadded & Rammed

City fears A&L may need Bank rescue

Fears that Alliance & Leicester may have to seek emergency funds from the Bank of England circulated in the City last night as ratings agency Standard & Poor's said the bank could suffer from the lending freeze that triggered Northern Rock's downfall. S&P said Alliance & Leicester could be in trouble if wholesale markets failed to open up in the near future, and it downgraded the outlook for the bank from stable to negative. Analysts said the bank was struggling to cope amid turbulence on international money markets that has in effect put a freeze on banks lending to each other.

Posted by pacific state @ 08:14 PM (620 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>