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.

United Kingdom, Industry Overview, Bank of England, Finance, Discount (Finance), Union PLC

---

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.

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

---

Similar abstracts:

• Abstracts: France's hole on the right. The rebuke from Pale. Beyond the pale: France
• Abstracts: The weakest to the wall. The greasers of the ways. Richer and better
• Abstracts: People power: Italy. Fall of the Roman empire
• Abstracts: Small beer: German finance. The engine of Europe
• Abstracts: Not hopeless: Bosnia. Peace in the hands of the unpeaceful Serbs

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.