ECB, BoE turn on funding taps to ease crunch
506634
The European Central Bank and Bank of England flooded money markets with funds on Tuesday as the UK central bank chief warned of a possible "self-reinforcing" downward spiral in credit.
387728
The European Central Bank emphasized  on Thursday it needed more time to assess the fallout from  recent turbulence on global credit markets but policymakers  said they are ready to tackle inflation dangers if needed.
393663
UK interest rates are expected to go up  later this week as the Bank of England moves to combat inflation.
604008
European equity markets retreated this week with the banking sector under pressure as money markets remained severely constrained in spite of ongoing efforts by the European Central Bank to boost liquidity.
415357
Sterling bulked up some by the end of the session. Earlier the pound had been on the backfoot after softer than expected inflation numbers for August cemented expectations that the Bank of England's rate-setting Monetary Policy Committee may not raise the cost of borrowing too much further from its current 4.75 percent.
137527
The Bank of England has lent banks Â£10bn, a move that should ease the impact of the global credit crunch.
591757
Commercial banks sought slightly more funds than were available Tuesday in a three-month offer of cash made under a special refinancing arrangement announced last week, the Bank of England said.
272221
The Bank of England will likely trim interest rates by a quarter-point to 5.25 percent on Thursday, as it seeks to support growth but contain inflationary pressures, analysts said.
412409
A major British bank said today it had to arrange emergency funding from the Bank of England to ensure it had enough cash to keep operating, an announcement that forced European stock exchanges lower and contributed to a lower opening on Wall Street as well.
156912
The Bank of England on Thursday injected 4.4 billion pounds into the financial system amid ongoing turmoil in credit markets.
743706
The Bank of England will offer additional reserves to lenders Tuesday as part of a global attempt to tackle the deepening credit crisis.
750366
Investors buffeted by the credit crisis  will enjoy no pre-Christmas lull as central banks began putting  a pump-priming plan into action on Monday while critical  results from major American banks loom later in the week.
486628
Business & money: Banks and building societies start withdrawing products in response to Thursday's bank rate rise.
72033
The action by the European bank eases conditions in credit markets that are grappling with a lending squeeze linked to the U.S. housing downturn and traditional year-end demands for cash.
417032
Business & money: BoE warns 'feedback loop' between financial markets and economy could result in downward spiral
536736
The European Central Bank (ECB) will keep borrowing costs at a six-decade low for an 18th month as a surge in oil costs curbs economic growth in the dozen nations sharing the euro, a survey of economists showed.
140883
Big banks try to gird for crises as a  matter of course and investors will soon learn how prepared  they were for this summer&#39;s credit crunch.