Bank of England pumps £5bn into market as US crisis hits shares in British lenders

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Bank of England pumps £5bn into market as US crisis hits shares in British lenders

18th March 2008, 01:40:AM

British banks lined up to borrow extra funds from the Bank of England yesterday after the central bank offered £5bn of loans to steady money markets amid panic caused by the crisis at Bear Stearns.

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Tags: bank, british, business, crisis, lenders, loans, money, shares

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Bank of England pumps £5bn into market as US crisis hits shares in British lenders

Bank of England pumps £5bn into market as US crisis hits shares in British lenders

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