If Credit Suisse can lend A&L £4bn, why was Rock left to starve?
Credit Suisse has lent Alliance & Leicester £4bn in a secured warehouse line, silencing chatter about A&L having funding difficulties. If only a bank or banks had done the same for Northern Rock in the summer.
Credit Suisse stepped into the breach for Alliance & Leicester last week by providing a £4bn two year loan to the embattled UK mortgage lender. EuroWeek
understands the facility is a syndicated loan, underwritten and arranged solely by the Swiss bank. This is a bold move from Credit
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