Metro Bank used billions in cheap loans from Bank of England to invest in risky deals – Businessdaylight

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Metro Bank has used billions of pounds of cheap loans from the Bank of England to invest in the same type of risky deals blamed for the 2008 financial crash. figures show the challenger bank drew.

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dailymail.co.uk – Metro Bank used billions in cheap loans from Bank of England to invest in same type of risky deals blamed for 2008 financial crashBy Helen Cahill, Financial Mail On Sunday Published: 16:52 EDT, 25 May 2019 | Updated: 16:52 EDT, 25 May 2019 Metro Bank has used billions of pounds of cheap loans from the Bank of England to.

In 2008, credit markets froze up and banks stopped making loans. Lawmakers tried to get money flowing again by passing a $700 billion Wall Street bailout, now-cautious banks became reluctant to extend credit. Without money or credit, consumer confidence in.