British banks pledge higher-risk credit collateral to Bank of England
A Reuters review of Bank of England filings shows British banks are increasingly using higher-risk assets—such as loans tied to high-interest store cards and vehicle leases—as collateral. Banks pledged £1.9 billion on August 18.
By Naomi Rovnick, Lawrence White and David MillikenBritish banks are increasingly pledging higher-risk assets such as loans linked to high-interest store cards and vehicle leases as collateral at the Bank of England, a Reuters review of BoE filings shows.On August 18, banks pledged £1.9 billion ($2…