Discounted: the City

Article Abstract:

Union PLC and the five other firms that comprise London, England's discount house financial sector are diversifying their lending interests in the mid-1990s. This is because the Bank of England plans to end its practice of making short-term loans available exclusively to discount houses.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
United Kingdom, Industry Overview, Bank of England, Finance, Discount (Finance), Union PLC

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The end of the miracle

Article Abstract:

South Korea announced on Nov 21, 1997, that it would ask the International Monetary Fund for $20 billion for a bailout of the country's troubled banking system. The announcement caused the country's currency to plummet and drove the stock market to its lowest level since Jul 1987.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, South Korea, Economic aspects, International Monetary Fund, Banks (Finance), International relations, Economic assistance, Foreign economic assistance, South Korean foreign relations, Kim Young Sam

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Subjects list: Banking industry, Economic policy
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