British Banks Increasingly Using Higher-Risk Assets as Collateral

U.K. banks are increasingly using higher-risk assets as collateral with the Bank of England.

That’s according to a report Wednesday (Sept. 2) from Reuters, citing its own review of filings at the British central bank.

On August 18, banks pledged $2.56 billion worth of the Bank of England’s highest-risk type of collateral — things like store cards and vehicle leases […] The post British Banks Increasingly Using Higher-Risk Assets as Collateral appeared first on PYMNTS.com.