Discounted: the City
Article Abstract:
Union PLC and the five other firms that comprise London, England's discount house financial sector are diversifying their lending interests in the mid-1990s. This is because the Bank of England plans to end its practice of making short-term loans available exclusively to discount houses.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
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The end of the miracle
Article Abstract:
South Korea announced on Nov 21, 1997, that it would ask the International Monetary Fund for $20 billion for a bailout of the country's troubled banking system. The announcement caused the country's currency to plummet and drove the stock market to its lowest level since Jul 1987.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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