Bank of England inundated with demand

Banks inundated the Bank of England with requests for funds at this morning's emergency auction, as fears over their ability to fund themselves reached a new peak and the stock market values of UK and European financial institutions plunged.

The Bank of England ran the auction for £5bn (€6.4bn) in three-day funds this morning in response to conditions in the short-term money markets, it said in a statement this morning.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump