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FBN’s Robert Gray on the Bank of England and the British government teaming up to launch a long-term funding program for banks.
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I'm Robert Gray with your Fox Business brief it was a rollercoaster ride for the markets during the last hour of the trading day.
Major averages closed off the highs of the day but still posted solid gains after a quarter's report.
The G-20 -- -- story now according to that report central bankers are preparing a coordinated action to provide liquidity gets needed.
After the Greek elections.
That news sent the -- another stock indexes spiking in that at 3 o'clock at the closing bell the Dow is still a 155 points a gain of 11 quarter percent.
And -- Bank of England is teaming up with the British government to launch a long term funding plan for banks in the coming weeks.
Bank of England Governor Mervyn King says the plan -- to -- at below market rates against a wide range of collateral fellows we'll have a six month maturity.
That has the latest from the Fox Business Network giving you the power to prosper.
