house

new flash: northern rock in a cash crunch

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Northern Rock has been bailed out by the Bank of England. Apparently, it needed to borrow money from the Bank of England because it couldn’t obtain credit on the market - a ripple effect of the sub-prime crisis in the States.

Similar Posts:

• should you withdraw your money from northern rock?
• American sub-prime crisis: should the rest of us care?
• the credit crisis: am I missing something?

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