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UK banks seek £90 billion in mortgage asset exchange

16/05/2008

Lenders are seeking more funds from the Bank of England, which was originally expected to make £50billion available as part of its special liquidity scheme which was introduced at the end of last month.

Banks in the UK have been given the opportunity to swap risky assets worth between £80billion and £90billion for safe Government bonds through the Bank's scheme.  more


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