Ooops they did it again... - Contractor UK Bulletin Board

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NickFitz replied

21 October 2007, 06:12
It is understood that neither Barclays nor RBS has had cause to use the Fed funding line yet. The credit line has been set up as a contingency, and may not need to be used at all, banking sources stressed last night.

So little news, so much time...
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milanbenes started a topic Ooops they did it again...

21 October 2007, 06:03
Ooops they did it again...

http://www.telegraph.co.uk/money/mai...1/cnfed121.xml

Barclays and Royal Bank of Scotland have lined up emergency funds of up to $30bn (£15bn) from the US Federal Reserve to bail out American clients caught up in the global credit crunch.

Credit crunch, what credit crunch...

Milan.
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