Relevant:
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- Bernanke: “I Don’t Know†Which Foreign Banks Were Given Half a Trillion
- US faces global funding crisis, warns Merrill Lynch
- Spain to Seek Foreign Investors to Offload Bank Property
2009-03-07 — independent.co.uk
" A silent $1 trillion "Run on Britain" by foreign investors was revealed yesterday in the latest statistical releases from the Bank of England. The external liabilities of banks operating in the UK – that is monies held in the UK on behalf of foreign investors – fell by $1 trillion (£700bn) between the spring and the end of 2008, representing a huge loss of funds and of confidence in the City of London."
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