We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Fear and calm

9 August 2007 By Edward Hadas

What a difference a few hours can make. Early on Thursday, US mortgage problems were looking contained. Central banks had steadied nerves. But then BNP Paribas announced it was freezing some money market funds. The ECB had to come to the rescue with E95bn of easy liquidity.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)