Ailing British mortgage lender Northern Rock may have borrowed a further five
billion pounds ($10.1 billion) from the Bank of England in the past week, analysts
who studied Bank of England data said.
Rock''s borrowing from the Bank of England could thus swell to almost 8 billion
pounds ($16 billion)since the central bank stepped in to offer emergency funding
two weeks ago.
Bank of England''s weekly accounts showed that in the past two weeks its assets
had grown by 14.3 billion pounds, including 7.75 billion pounds classified under
"other assets," said an analyst.
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