Lloyds Banking Group and Royal Bank of Scotland plan to access the European Central Bank’s three- year funding program, its long-term refinancing operation, to take a total amount of about EU15 billion ($20 billion), FT reports, cites people familiar with their plans.
Lloyds will approve a plan tomorrow to seek about EU10
billion of funding, FT says, cites people familiar with the
plans
RBS may take the same amount it took in December 2011, EU5
billion, in the auction on Feb. 29, FT reports, cites
unnamed senior bankers
HSBC, which may say tomorrow it took several billion pounds
of LTRO in December, and Barclays, which hasn’t previously
used the facility, could also both take part in the auction
this week, FT says.
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