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View Full Version : EU Banks Jump After Central Banks Cut Rate on Dollar Swaps - Bloomberg



NewsWhore
11-30-2011, 09:40 AM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGf6KfPRYpNH5eNUySiUbn2QMKyiQ&url=http://www.bloomberg.com/news/2011-11-30/european-banks-jump-after-central-banks-cut-rate-on-dollar-swaps.html)
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EU Banks Jump After Central Banks Cut Rate on Dollar Swaps (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGf6KfPRYpNH5eNUySiUbn2QMKyiQ&url=http://www.bloomberg.com/news/2011-11-30/european-banks-jump-after-central-banks-cut-rate-on-dollar-swaps.html)
Bloomberg
Those higher costs have in turn led banks, including BNP Paribas and Societe Generale, to scale back their own lending operations in the US currency, threatening to worsen an economic slowdown. “This demonstrates that central banks recognize the ...

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