Bank's Ł10bn of funding again attracts no bidders

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Bank's Ł10bn of funding again attracts no bidders

3rd October 2007, 00:12:AM

The Bank of England's liquidity sale drew no bidders for the second week running yesterday, helping to fuel a rally in bank shares. But industry sources warned the lack of take-up could mask continuing funding strains for some smaller lenders, while larger British banks have already taken advantage of cheaper facilities on offer from the European Central Bank.

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Tags: bank, british, business, european, funding, lenders, shares

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Bank's Ł10bn of funding again attracts no bidders

Bank's Ł10bn of funding again attracts no bidders

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