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Posts Tagged ‘overnight’

Money-Market Rates Double Amid Global Credit Seizure

Posted by seumasach on September 16, 2008

Gavin Finch and Kim-Mai Cutler

Sept. 16 (Bloomberg) — The cost of borrowing in dollars overnight more than doubled to the highest since 2001 as the collapse of Lehman Brothers Holdings Inc. and credit downgrades of American International Group Inc. led banks to hoard cash.

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