Banks May Flock to 'Free Money' as ECB Awards Three-Year Loans - BusinessWeek

Banks May Flock to 'Free Money' as ECB Awards Three-Year LoansBusinessWeek21 (Bloomberg) -- The European Central Bank is set to flood euro-area banks with cheap cash as they flock to its offer of three-year loans today. Banks will ask the ECB for 293 billion euros ($384 billion) of the 1134-day funds, according to the median ...and

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