28 June, 2015 by The TZ Newswire Staff Comments Off on ECB lending freeze will force Greece to shut banks, analysts say
ECB lending freeze will force Greece to shut banks, analysts say
After a dramatic weekend in the Greek debt crisis, the European Central Bank on Sunday decided to freeze its emergency lending lifeline to the country’s banks, significantly raising the risk of bank holidays and capital controls as soon as Monday, according to analysts.
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28 June, 2015 by The TZ Newswire Staff Comments Off on Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday
Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday
Despite the reassurances from any and all elected (and unelected) officials, given the run on bank ATMs in Greece has turned into a stampede, it is not surprising that:
28 June, 2015 by The TZ Newswire Staff Comments Off on "Artificial" Phantom Liquidity Will Disappear In "Adverse, Turbulent" Markets, BIS Warns
"Artificial" Phantom Liquidity Will Disappear In "Adverse, Turbulent" Markets, BIS Warns
The BIS — the bank for central banks that, in a world characterized by heightened calls for transparency and accountability, remains completely opaque and unaccountable — is out with its latest annual report, and as usual, there’s quite a bit of no-nonsense analysis of the conditions facing global financial markets.
28 June, 2015 by The TZ Newswire Staff Comments Off on A Mid Year Commodities Review With A Circle On July 1
A Mid Year Commodities Review With A Circle On July 1
Oil is stuck in a range. Natgas isn’t hot enough for a BBQ. Precious Metals test support ranges again. The start of July has been important for the Dollar and commodities the last 3 years. As we approach the mid year mark, commodities continue to lag. Even while the US Dollar ($USD) has moved sideways to down for the last few months, some of the commodities like Oil and Gold have not been able
28 June, 2015 by The TZ Newswire Staff Comments Off on A Brief History of Bank of America in Crisis
A Brief History of Bank of America in Crisis
Tracing Bank of America’s history through the three biggest banking crises of the past century.
28 June, 2015 by The TZ Newswire Staff Comments Off on G-7, EU Banking Officials Hold Emergency Calls Ahead Of Black Monday
G-7, EU Banking Officials Hold Emergency Calls Ahead Of Black Monday
Now that the Greek parliament has given PM Alexis Tsipras’ euro referendum the go ahead (the vote will effectively be a poll on euro membership or, on the choice between sovereignty and servitude if you will, because as the IMF flatly noted on Saturday, the proposal that was supposed to form the basis for the referendum will be null and void by the time Greeks go to the polls) and now that Greeks have pulled another €1 billion plus from the ATMs, capital controls are all but certain early next week, especially now that the ECB has frozen the ELA cap.
28 June, 2015 by The TZ Newswire Staff Comments Off on Why Samsung Is Partnering Up with This Healthcare Company
Why Samsung Is Partnering Up with This Healthcare Company
Samsung is following Apple into the wearables market by partnering with this healthcare giant. Will the partnership move the needle for either company?