Friday, January 16, 2009

UK interbank market - no recovery

Back in August 2007, the UK interbank market crashed. Commercial banks stopped lending to each other.

Not much has changed since then. If anything, lending volumes have fallen, especially after the great September Lehman meltdown.

1 comment:

  1. All that taxpayers money and still no improvement!!! Do you mean that Brown didn't save the world?