• The London interbank offered rate, at which banks lend money to each other, rose on Thursday to 0.37%, its highest level since last August, a sign that short-term cash is becoming scarcer for banks.

    WSJ: Dow Takes a Harrowing 1,010.14-Point Trip

  • And since the ECB started its long-term refinancing operation (LTRO) programme last November, they have been getting quite a lot of longer term funding from that source as well.

    BBC: Inconvenient truths about Libor

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