Thursday, January 10, 2008

Whodunnit 2….

Anxious times for mortgage banks

There has been a bit of nervousness among the mortgage banks again today. Rumours of someone seeking emergency funding from the Bank of England went round the City once more, and with the Bank's monetary policy committee deciding not to cut interest rates, the sector headed south. Even a continuing fall in the Libor rate did not help matters. Bradford & Bingley seemed to suffer the brunt of the rumours, and shortly before the market closed it denied it had gone to the Bank for funding. Its shares still ended 9p lower at 249p, while Alliance & Leicester lost 30p to 724.5p and HBOS fell 29p to 647p.

Posted by flamepoint23 @ 10:45 PM (2565 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Your email address will not be published.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>