The cost of three-month dollar loans between banks remained steady Tuesday as the recent improvement in confidence ground to a halt after Bank of America Corp. took a bigger than anticipated bad debt provision for the first quarter of the year.
Hopes that an improvement in the global economy may emerge soon have prompted a thawing in credit markets but Monday's sharp falls on Wall Street after Bank of America took a $13.4 billion provision for credit losses reined in hopes that the banking sector had been fixed.
"There was this realisation after Bank of America's excellent results that the sector was far from out of the woods," said David Buik, …






