U.K. banks will experience refinancing challenges, BoE says

A report released by the Bank of England warns that banks face serious refinancing challenges in the coming year. The report states that the U.K.'s largest banks will need to raise £750 billion to £800 billion in loans and liquid assets by the end of 2012, with more than £250 billion falling due next year. Exposure to banks in France and Germany is expected to pressure U.K. banks for liquidity.

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