Bank of England says UK banks have significant refinancing needs; Manufacturing slumps again in November
Dec 1st, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Bank of England said today that UK banks have significant refinancing needs. And while their direct exposures to the sovereign debt of the most vulnerable economies are limited, they have larger exposures to the private sectors of some weaker euro-area economies. They also have significant exposures to major European banking. Meanwhile UK manufacturing contracted in November for a second consecutive month.