Bank of England aids big mortgage lender
Bank of England aids big mortgage lender
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Northern Rock, caught in a credit crunch, receives emergency funding from the Bank of England. -- Uneasy customers formed lines outside Britain's fifth-largest mortgage lender Friday after it had to ask the Bank of England for emergency funding because it had been hit hard by the credit crunch tied to the U.S. sub-prime mortgage crisis. |
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News entry number 1966 added on Sep 15, 2007 in the Business News category.
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