Summary
What is it? A SIGN that the global financial system is in deep, deep water. The world's ten biggest banks have clubbed together to create a [pounds]39bn liquidity pool to prevent the banking system from going into meltdown.
That arch rivals like JPMorgan, Goldman Sachs and Citigroup have banded together highlights how deep the fear of systemic breakdown has become.See the full content of this document
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30 Second Guide to ...Liquidity Pool
How will it work? Each of the banks will be ...
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