A total of EUR791 million was borrowed in overnight funds at the 5.00% penalty rate as of Sunday, the European Central Bank said. AUTSCH …
UK lenders sold off heavily as Bradford and Bingley (down more than 23%) came out with a profit warning …
Northern Rock replayed???
HBOS were down more than 11% as investors ducked […]

Despite all the postive factors, the daily news flow keeps markets down …
Today, the news of the day was not the successful VISA IPO, but the rumours around HBOS, the UK lender as well as news about Thornburg Mortgage, which seemingly will file for bankruptcy and the talk about different hedge funds having huge liquidity […]

After 2 days of FED induced squeeze … rather 1 1/2 …
here comes bad news from the UK
Yesterday some members of the MPC cancelled trips, to monitor the situation as a spokesman of the BoE was quoted.
Today, rumours fly … some hedge funds are said to be close to going under and seemingly HBOS has […]