Tag Archives: bank holiday

China Bans Stock Selling to Stem Meltdown, NYSE Closes on “Glitch”

China has issued a ban on the selling of stocks and bonds for large shareholders for the time being as part of an effort to prevent a complete “1929-style event.” The Shanghai Composite Index has seen a decline of more … Continue reading

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“Bank Holiday” and Capital Controls in Greece Extended. Banks to Remain Closed.

Imagine going to the bank for some cash and seeing it surrounded by riot police. You try the ATM but it is “out of service”. You’re hungry and low on food so you take what little cash you have left … Continue reading

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Greece Calls for “Bank Holiday” and Capital Controls: Banks Closed for Next Week

Lines are wrapping around the block at ATMs throughout Greece as citizens wait to withdraw their money. A significant number of ATMs are already out of cash.   Last week, many thought that Greece and the IMF were close to … Continue reading

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