Tuesday, 02 December 2014 As reported two weeks ago, following to a stunning announcement by the head of Ukraine’s central bank, Valeriya Gontareva, we learned that (virtually) all of Ukraine’s gold was gone, or – in the parlance of Jon… Read More ›
Central bank
BRICS sets up own Bank to counter IMF
Tuesday, 15 July 2014 The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of US based… Read More ›
World debt exceeds $100 Trillion
Monday, 10 March 2014 The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage… Read More ›
Ukraine Curbs Bank Withdrawals on $70bn of Missing Public Cash
By Lianna Brinded , Published: February 28, 2014 09:56 AM Ukraine Curbs Bank Withdrawals on $70bn of Missing Public CashReuters Ukraine’s central bank has curbed the amount people are allowed to withdraw from banking deposits, as it tries to prevent… Read More ›
A dog could run China’s banking system, says former statistics bureau spokesman
Yao Jingyuan predicts economic growth in 2014, but has harsh words for China’s banks PUBLISHED : Tuesday, 24 December, 2013, 7:10pm Jeremy Blum jeremy.blum@scmp.com Yao Jingyuan. Photo: Xinhua The former chief economist and spokesman of China’s National Bureau of Statistics… Read More ›
Libya gunmen steal $54 mn in bank van attack
Photo: EPA Gunmen attacked a central bank van in the Libyan city of Sirte on Monday, stealing $54 million in different currencies, the official Lana news agency reported. The report said “10 heavily armed men” had made off with the… Read More ›
Cyprus: arrest warrant issued for former Central Bank head
27 September, 14:39 (ANSAmed) – NICOSIA, SEPTEMBER 27 – An arrest warrant has been issued against a former Governor of the Central Bank of Cyprus who failed to show up at a court hearing this morning, ad Famagusta Gazette online… Read More ›
Central banks bought record amount of gold before collapse
Published time: April 25, 2013 15:04 Reuters/Yuya Shino Central banks went on the biggest spending spree in 50 years, buying the most gold since 1964 last year. Their high stockpiles of devalued metal probably makes them the biggest losers of… Read More ›
Charities, insurers to be included in Cyprus bail-in: 27.5% of Savings will be taken violating previous arrangement
Mon, 22 Apr 2013 04:22 GMT Reuters NICOSIA, April 22 (Reuters) – Cypriot insurance companies and charity organisations will be affected by a bail-in on deposits in an attempt to minimize the broader impact on savers, the island’s central bank… Read More ›
Federal Reserve launches leak inquiry “various workers at Congress and at trade bodies. A whole day early” – ( Corruption ? )
There must be some seriously red faces at the Federal Reserve today, after its minutes were accidentally punted to various workers at Congress and at trade bodies. A whole day early. US Treasury bonds have weakened in value slightly today,… Read More ›
Co-op rumour spreads panic : Cyprus
Co-op rumour spreads panic By Stefanos EvripidouPublished on April 6, 2013 THE GOVERNMENT, Central Bank and Cooperative Movement rushed to calm fears of a new raid on bank deposits yesterday after rumours, texts and reports circulating spread panic… Read More ›
Cyrpus : Friday saw a run on the country’s cooperative banks – Trust in the system may not return
Cypriot presidency in calm call © Photo: Peter Nicou for the Voice of Russia The Cypriot authorities including the Central Bank and the presidency have called on the people to ignore financial panic mongers and stay calm. Friday saw a run… Read More ›
World’s first bitcoin ATM in Cyprus?
By Poly PantelidesPublished on March 28, 2013 AN ENTREPRENEUR has announced he is keen to introduce in Cyprus the world’s first ATM for virtual currency, bitcoin, which is not regulated by a central bank but has instead been growing… Read More ›
THOSE responsible for the sorry state of the economy should be put on trial, Archbishop Chrysostomos II said yesterday
Archbishop: those who are to blame should be put on trial By Poly Pantelides Published on March 24, 2013 Cypriots light candles in Church yesterday THOSE responsible for the sorry state of the economy should be put on… Read More ›
Cyprus, Troika agree to 20% tax on deposits over 100,000 euros at Bank of Cyprus
EEV: Need 2n confirmation. This is the first story in Published time: March 23, 2013 18:31 Edited time: March 23, 2013 19:20 Bank workers shout slogans during a protest outside Cyprus presidential palace in Nicosia on March 23,… Read More ›
Cyprus Keeps Banks Closed indefinitely
Friday, 22 March 2013 Russia rebuffed Cypriot entreaties for aid on Friday, leaving the island’s increasingly isolated leaders scrambling to strike a bailout deal with the European Union by next week or face the collapse of its… Read More ›
Cyprus banks will not resume operation until Marсh 26
Photo: EPA Banks in debt-hit Cyprus will stay closed until at least Tuesday, a Central Bank official told AFP, after the authority issued a decree stating banks will not open their doors on Thursday and Friday. With Monday a scheduled… Read More ›
New Zealand planning account seizures?
Tuesday, 19 March 2013 The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today. Open Bank… Read More ›
Greece seeks buyers for local units of Cypriot banks
ATHENS | Sat Mar 16, 2013 3:20pm EDT ATHENS (Reuters) – Athens has started exploring local lenders’ interest in taking over the Greek units of Cypriot banks, as part of the island’s international bailout agreed earlier on Saturday, Greece’s finance… Read More ›
New Egypt c.bank chief says not worried about currency “The matter is not out of control. On the contrary, at any time we can control it,”
EEV: Posted for the most absurd quote so far this week 😉 Thu, 10 Jan 2013 20:41 GMT Reuters * Ramez to take up reins as country’s currency tumbles * Appointment must be approved by upper house of… Read More ›
Central bankers gone wild
Central bankers rarely do radical, or even surprising, things. This week it happened twice. Hold on to your pinstripes. Thomas MuchaDecember 14, 2012 06:19 Federal Reserve Chairman Ben Bernanke holds a press conference following a Federal Open Market Committee meeting… Read More ›
Debt crisis: central bank action is work of the devil, says Germany’s Jens Weidmann
The head of Germany’s Bundesbank has raised eyebrows across Europe after he appeared to compare Mario Draghi’s bond buying programme with the “devil’s work”. Jens Weidmann said that efforts by central banks to pump money into the economy reminded him… Read More ›
Engineering Evil 