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OMG FSA borrows £200m to cover spending deficit and borrow from Lloyds and HSBC
marshallka
Posts: 14,585 Forumite
And it seems from Lloyds and HSBC.
The FSA has had to borrow £200m from Lloyds and HSBC and is being warned by the board to review its cashflow, according to the Independent on Sunday.
This is the first time the FSA has drawn on a £100m credit agreement with Lloyds, which was set up prior to the credit crunch. The regulator has also borrowed a further £100m from HSBC. The FSA has also agreed a further loan from Lloyds to finance its expected deficit for the upcoming year.:eek::eek:
http://www.moneymarketing.co.uk/cgi-bin/item.cgi?id=191225&d=pnd2&h=pndh2&f=pndf2
I wonder if they took PPI??????????????????
The FSA has had to borrow £200m from Lloyds and HSBC and is being warned by the board to review its cashflow, according to the Independent on Sunday.
This is the first time the FSA has drawn on a £100m credit agreement with Lloyds, which was set up prior to the credit crunch. The regulator has also borrowed a further £100m from HSBC. The FSA has also agreed a further loan from Lloyds to finance its expected deficit for the upcoming year.:eek::eek:
http://www.moneymarketing.co.uk/cgi-bin/item.cgi?id=191225&d=pnd2&h=pndh2&f=pndf2
I wonder if they took PPI??????????????????
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