Baring the cost

The Higher Education Funding Council for England expects to be repaid in the next few days after lending Birkbeck College almost Pounds 2 million to cover funds frozen in the Barings collapse. The money - part of Pounds 6.5 million which Birkbeck had with Barings - was needed to pay salaries and bills at the end of February. The college expects the cash to be unfrozen soon.