Tag Archive for Bank Accounts

Greek Banks take extra care to keep ATMs full of cash | ekathimerini.com

Cash withdrawals from bank accounts exceeded 2 billion euros on Wednesday and Thursday, according to bank officials, as the vast majority of Greeks appear to have decided to stash some cash due to the uncertainty of tomorrow’s election. There were also some who have opted for foreign bonds, mutual funds, foreign currency and foreign stocks.…

“Miracle” Europanic Trumps US Debtmageddon, Boosts US Markets

Massive inflows of cash into the US financial system from elsewhere around the world boosted liquidity indicators last week and kept a bid under US financial asset prices. Under normal circumstances, in the absence of quantitative easing we would expect prices to fall, but these are not normal circumstances. It’s not a matter of investors…