London Gold Market Report
from Adrian Ash, BullionVault
Thurs 28 Mar, 08:50 EST
Jump in Euros “Confirms Gold as Safe Haven” as Cyprus Imposes Eurozone’s First-Ever Exchange Controls
The GOLD PRICE slipped back to $1600 per ounce Thursday morning in London, heading into the 4-day Easter weekend 1.3% higher from the start of March.
Silver bullion was flat for the month at $28.65 after recovering yesterday’s sharp 2.3% drop.
European stock markets shrugged off overnight falls in [...]
Cyprus told: take bank levy or leave euro
President, eurozone finance ministers and bailout troika hold emergency meeting as €100 limit imposed on ATM withdrawals
Wealthy Russians stand to lose billions of euros in Cypriot banks under draconian terms being hammered out on Sunday night in Brussels to prevent the Mediterranean tax haven becoming the first country forced out of the single currency.
Negotiations got underway [...]
CYPRUS BANK ATM WITHDRAWALS: 100 EUROS MAX NOW!!!
The central bank in Cyprus imposed a 100-euros per day withdrawal limit at cash machines for all local banks on Sunday to avert a run on lenders.
A spokesman for second largest lender Cyprus Popular Bank , which had previously limited withdrawals to 260 euros, said the new measure began at 1 p.m. (1100 GMT) and would remain in place until the bank [...]
/quotes/zigman/627449 14,401 -111 0.76%
/quotes/zigman/12633936 3,219 -35 1.08%
/quotes/zigman/3870025 1,545 -14 0.88%
/quotes/zigman/629063 2,109 -9 0.44%
In case Cyprus leaves eurozone, it will be a good example of the rest of us. And we will also find out, what is happening to a country AFTER the euro.
HUNGARY CUT TO BBB- FROM BBB BY S&P
Cyprus Popular Bank: “Only A Few Hours Of Liquidity Left”
Popular Bank restricts ATM withdrawals to EUR 260 [...]
EU SOURCES HAVE DISCUSSED IMPOSING CAPITAL CONTROLS AS WORST CASE SCENARIO IF GREECE LEAVES EUROZONE – RTRS
IMPOSING BORDER CHECKS, LIMITING ATM WITHDRAWALS ALSO PART OF WORST-CASE SCENARIO PLANNING – EU SOURCES – RTRS
SUSPENSION OF SCHENGEN ALSO DISCUSSED
Major Italian Bank Freezes All Customer Accounts
On May 31st Bank Network Investments discretely posted an announcementon their website that they would be freezing all of their customers accounts for 1 month freeze on citing financial [...]
Starting this summer, some of SunTrust’s least wealthy customers will have to pay higher fees on everything from ATM withdrawals to checking accounts, the bank confirmed on Wednesday.
The changes in fees affect primarily Everyday Checking, Student Checking and Solid Choice account holders. The first two accounts are targeted at customers who maintain lower balances.
The changes, scheduled to begin Aug. 24, will raise the minimum daily balance a customer is required [...]
by Ben DeMeter
Contrary to MasterCard’s beliefs, you should never pay for something with your credit card just because you can.
While there are certainly times when it’s a good idea to charge a credit-building purchase to your account, there also many occasions when you should stuff that piece of plastic so deep into your wallet that it will never, ever see the light of the register scanner.
Some purchases just have a way of [...]
Recently unemployed engineer Arthur Santa-Maria poses for a photo Saturday, Feb. 7, 2009 at a Bank of America ATM in Los Lunas, N.M. Santa-Maria was surprised to learn he must pay fees to withdraw his unemployment money using a state-issued Bank of America debit card. (AP Photo/Sergio Salvador)
WASHINGTON — Many states shortchange the jobless by distributing unemployment benefits on debit cards loaded with obnoxious fees, [...]
1. Pull up to ATM
2. Insert card
3. Enter PIN number and account
4. Take cash, card and receipt
1. Pull up to ATM
2. Check makeup in rearview mirror
3. Shut off engine
4. Put keys in purse
5. Get out of car because sheâ€™s too far from machine
6. Hunt for card in purse
7. Insert card
8. Hunt in purse for tampon wrapper with PIN number written on it
9. Enter PIN number
10. Study instructions [...]