Updated Saturday, May 17, 2008 0:00 am TWN, Reuters FT: UK banks may swap US$175 billion of assetsThe British Bankers’ Association said details of which banks were accessing the facility were confidential, but a spokesman said “it wouldn’t be surprising” if banks were accessing more funds as there were still strains in the market. “All of the banks are planning to use this facility,” an industry source said. “The reports in the market at the time were that it would be 50 billion to 100 billion, so this doesn’t feel unexpected.” | Europe Breaking News Most Read |