UK banks have cut back their lending to their counterparts in the peripheral eurozone countries by a quarter in just three months, raising the spectre of a new credit crunch among the continents most indebted economies. According to data compiled by the Financial Times, the big four UK banks cut interbank loan volumes by more than 24 per cent to £10.5billion in the three months to end-September, as Europe's sovereign debt crisis worsened. UK's Big Four of HSBC, Lloyds, RBS and Barclays reduced sharply their volume of loans to Greek and Spanish banks, continuing an earlier pattern, but the Italian loan slump was new....Read more here--> New EU credit crunch threat as UK banks slash loans to lenders in indebted eurozone nations | This is Money

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'Big five' banks pay less than 0.5% base rate on TWO IN FIVE savings accounts BLOG LINKY