Unico Banking Group to resume Libor lending

10/16/2008 | Financial Times (free content) · Guardian (London), The

The Unico Banking Group, which includes Credit Agricole, DZ Bank, Rabobank, Iccrea and several other European banks, agreed to resume lending at the Libor to revive the interbank market. "During the last months, the interbank market has completely dried up," Rabobank CEO Bert Heemskerk said. "All of our banks are extremely solid. We thought, 'Why not go back to trusting each other?'"

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Financial Times (free content) · Guardian (London), The

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