European Banks Are Asking the ECB for a Lot More Dollar Funding
Rise in dollar demand may point to increasing tensions for region's lenders
What Can the ECB Do to Help German Banks?
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As part of its liquidity operations the European Central Bank has been providing U.S. dollars to lenders since the weeks after the collapse of Lehman Brothers Inc.
The totals drawn by banks have been relatively low for the past couple of years. That changed this week when 12 banks sought $6.348 billion in liquidity.