October 11th, 2008
Credit freeze sees small cracks
NEW YORK (CNNMoney.com) — Seized-up credit markets began to see the first small signs of easing Friday, but anxiety over the long-term prospects for recovery is keeping lenders mostly sidelined.
The overnight interbank lending rate, known as Libor, fell by half, suggesting that banks are becoming more willing to lend to each other in the very [...]
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