Sentences with phrase «prevent bank runs»

EU proposes account freezers to prevent bank runs — Bitcoin to the rescue?

Other market analysts were preparing for financial turmoil in Greece, however, if no deal was found this weekend, the ECB could then withdraw its emergency liquidity assistance (ELA) to Greek banks, forcing Greece to implement capital controls to prevent bank runs.

Should the company re-open with a new image, the strategy would be to limit withdrawals both in bitcoin and cash to prevent a bank run.

March 28, 2013 • The Mediterranean island nation's leaders are hoping to prevent a bank run.

During the financial crisis in Cyprus, banks blocked access to customer accounts to prevent a bank run.

Not exact matches

The announcement followed Garcia Padilla signing a law this week authorizing him to take steps to avoid receivership at the GDB, the U.S. territory's primary fiscal agent, and prevent a run on the bank.

This is the same Jamie Dimon who didn't need a cash infusion when Hank Paulson summoned chief executives of the nine largest U.S. banks to the Treasury in October 2008, handed them an agreement to sell shares to the U.S. government and told them to sign it; the same Jamie Dimon who managed to steer JPMorgan through the worst financial crisis since the Great Depression and remain profitable; the same Jamie Dimon whom the government tapped to buy Bear Stearns Cos. to prevent potential fallout from its collapse; the same Jamie Dimon who was held up as amodel for how a bank should be run.

They are attempting to prevent a run on their banks.

In fact, the gold market was closed for two weeks after the banks suspended redemption of their notes for coin on December 28, 1861 so as to prevent a run on gold.

The ECB did announce that it was extending its policy of providing liquidity to EUROZONE banks at extremely low rates for a period of 12 and 13 months in an effort to prevent any immediate bank run.

After the crash, the government had to step in, prevent a banking crisis and run the entire mortgage market after private capital disappeared.

I have already closed my bank account and reopened a new one to prevent the crooks that ran off with my $ 900.00 from dipping into my bank account since, of course, I had to give them my account information so they could «make their deposit.»

Retired@40) No point in a bank run since FDIC insurance was created to specifically prevent those Great Depression era events.

We can get really complex about preventing bank defaults, but the main trick is making sure short - term funding does not run.

Treasury notes had full legal tender status and were not convertible into gold through the Bank; they replaced the gold coin in circulation to prevent a run on sterling and to enable raw material purchases for armament production.

This was never more true than in the recent Ontario case of Business Development Bank of Canada v. Experian Canada Inc. where the Business Development Bank learned the hard way that even the most well - run procurement process can not prevent fraud.

When advising firms, Colin Cameron makes some key suggestions to ensure they stay on track, have adequate capital to cover costs, and maintain enough capital to continue on with business by preventing a «run on the bank» should partners lose faith in the firm, deciding to take their money and go elsewhere.

The purpose of this was to try and ease concerns over Barclays» financial strength and prevent a run on the shares and possible nationalisation of the bank.