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Ooops they did it again...

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    Ooops they did it again...

    http://www.telegraph.co.uk/money/mai...1/cnfed121.xml

    Barclays and Royal Bank of Scotland have lined up emergency funds of up to $30bn (£15bn) from the US Federal Reserve to bail out American clients caught up in the global credit crunch.



    Credit crunch, what credit crunch...


    Milan.

    #2
    It is understood that neither Barclays nor RBS has had cause to use the Fed funding line yet. The credit line has been set up as a contingency, and may not need to be used at all, banking sources stressed last night.
    So little news, so much time...

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