Lehman Brothers is Bankrupt
Monday, September 15th, 2008 - by Terry MelansonUK report on the crisis at Lehman Brothers.
Posts Tagged ‘Banks’
Scramble for cash as central banks dry up
Wednesday, September 3rd, 2008 - by Terry MelansonPatrick Hosking, The Times - September 2, 2008
British banks soon could be scrambling for short-term funding once more amid reports that supplies from Threadneedle Street and from Frankfurt may be drying up.
The Bank of England explicitly ruled out extending its Special Liquidity Scheme (SLS), while the European Central Bank is reportedly considering tightening its lending criteria.
The two central banks have been huge suppliers of liquidity to British banks. The SLS is thought to have provided £50 billion or more, while the ECB has lent banks €467 billion (£378 billion) - much of it thought to have gone to UK institutions.
PERFECTIBILISTS: The 18th Century Bavarian Order of the Illuminati
The Ascendancy of the Scientific Dictatorship
Memoirs Illustrating the History of Jacobinism
Fire in the Minds of Men: Origins of the Revolutionary Faith
America's Secret Establishment: An Introduction to the Order of Skull & Bones