Tuesday, October 23, 2007

Barclays and Royal Bank of Scotland set up $30bil fund to bail out US banks

Barclays has been given permission to borrow up to $20 billion through the facility, while RBS can borrow up to $10 billion, the Sunday Telegraph quoted banking sources as saying.The banks would have to put up assets as collateral with the Fed to gain access to the credit line, which has been set up as a contingency

read more | digg story

No comments:

11-15-2024

  Startling claims made at UFO hearing in Congress, but lack direct evidence