plonkee money an english-er's thoughts on personal finance

September 13, 2007

new flash: northern rock in a cash crunch

Filed under: house — plonkee @ 9:05 pm

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.

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