Troubled mortgage lender Northern Rock said Thursday it had borrowed 25 billion pounds in emergency funds from the Bank of England, seeking to counter speculation it had needed much more.
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Northern Rock owes 50 bln dlrs to central bank, less than expectedPosted by UK Economy News
In UK financial news
6Dec 07 Troubled mortgage lender Northern Rock said Thursday it had borrowed 25 billion pounds in emergency funds from the Bank of England, seeking to counter speculation it had needed much more.
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