Banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk and uncertainty in the market there were rumors going around that your partner banks were insolvent so when you hear Something Like that as a bank thats a huge risk you dont want to lend to an insolvent partner so when you see a risky client you want to charge them 5 percent 10 percent. Tiene pe
police in england and wales have pledged to send an officer to attend all home burglaries. new research suggests elite rugby players are more than twice as likely as the rest of the population to develop long term brain conditions. # diamonds are forever, forever, forever. # and later in the hour, the stars come out to celebrate james bond on the 60th anniversary of the premiere of the first bond film, dr no. hello. good afternoon, welcome to bbc news. after a bruising week for the prime minister, which included a row about a possible squeeze on benefits and a u turn on tax, liz truss has given her first speech as leader to the conservative party conference and insisted we must stay the course . the address was interrupted by greenpeace protesters, but the prime minister went on to defend her determination to cut taxes in order to stimulate growth. she said she had a clear strategy to get britain moving, and that while not everyone would be in favour of her plans, everyone w
forever, forever, forever. and the stars come out to celebrate james bond on the 60th anniversary of the premiere of the first bond film, dr no. good afternoon and welcome to the bbc news channel. after a bruising week for the prime minister, which included a row about a possible squeeze on benefits and a u turn on tax, liz truss has given her first speech as leader to the conservative party conference and insisted we must stay the course . the address was interrupted by greenpeace protesters, but the prime minister went on to defend her determination to cut taxes in order to stimulate growth; she said she had a clear strategy to get britain moving, and that while not everyone would be in favour of her plans, everyone would benefit. 0ur political correspondent, damian grammaticas has this report. she entered with the deliberate stride of someone trying to recover an already faltering premiership. morning. exactly one month into the job, she has been blamed for economic t