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FIG

UK banks borrow £4.36bn from FLS, says BoE

Six UK banks have borrowed £4.36bn between them from the Funding for Lending Scheme (FLS), the Bank of England (BoE) revealed on Monday. However, some of the biggest borrowers have also cut lending, in a move that suggests that net covered bond issuance from UK banks is likely to be negative in 2013.

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