Bloomberg News

ECB Says Banks’ Emergency Borrowing Jumped to 4.6 Billion Euros

October 24, 2011

Oct. 24 (Bloomberg) -- The European Central Bank said euro- area banks increased emergency overnight borrowing to 4.6 billion euros ($6.7 billion) from 2.2 billion euros on the previous business day.

Financial institutions also parked more money with the Frankfurt-based central bank, depositing 202 billion euros overnight, up from 188 billion euros the previous day.

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To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Matthew Brockett at mbrockett1@bloomberg.net


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