The European Central Bank has loaned €94.8 billion to financial institutions in the eurozone. The move comes in the wake of a reduction in short-term liquidity being made available to the market and is the first intervention of its kind by the ECB since the September 11 terrorist attacks.
Market participants are concerned that a credit crunch is in the offing as European institutions examine their exposure to the stricken US subprime mortgage market. The rate banks lend to each other has risen to
The week on Risk.net, July 7-13, 2018Receive this by email