US banks' hesitance to loan money may have caused repo stun

[LONDON] The reluctance of the main four US banks to loan money joined with an explosion of interest from flexible investments for verified financing could clarify an ongoing spike in US currency showcase rates, the Bank for International Settlements said. Money accessible to banks for momentary subsidizing everything except evaporated in late September, and loan costs somewhere down in the pipes of US monetary markets moved into twofold digit....