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Banks scramble for BoE funds as crisis worsens

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  • Banks scramble for BoE funds as crisis worsens

    http://www.reuters.com/article/bonds...76889920080317

    LONDON, March 17 (Reuters) - The Bank of England's emergency offer of 5 billion pounds of 3-day loans was nearly five times oversubscribed on Monday as financial institutions scrambled for cash in the face of a global credit crunch.
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