Story thread · 3 reports / 3 sources

British Banks Increasingly Using Higher-Risk Assets as Collateral

pymnts.com · 12dShare

U.K. banks are increasingly using higher-risk assets as collateral with the Bank of England. That’s according to a report Wednesday (Sept. 2) from Reuters, citing its own review of filings at the British central bank. On August 18, banks pledged $2.56 billion worth of the Bank of England’s highest-risk type of collateral — things like store cards and vehicle leases […] The post British Banks Increasingly Using Higher-Risk Assets as Collateral appeared first on PYMNTS.com .

First report: Exclusive-Banks rush to swap higher-risk credit assets for BoE cash — investing.com, 13d