Greek Prime Minister Alexis Tsipras says the Bank of Greece has recommended that banks remain closed and restrictions be imposed on transactions, after the European Central Bank didn’t increase the amount of emergency liquidity the lenders can access from the central bank. Sunday’s move comes after two days of long lines forming at ATMs across the country, following Tsipras’ decision to call a referendum on creditor proposals for Greek reforms in return for vital bailout funds. Tsipras gave no details of how long banks will remain closed or what restrictions will be placed on transactions.
Greek Banks To Be Shuttered On Monday As Crisis Deepens
Dan Stewart, Time: World
Sun, 06/28/2015 - 11:16am
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05/2/2024 - 6:52 am | View Link - Republic First becomes first casualty of U.S. bank crisis in 2024
U.S. regulators on Friday seized Philadelphia-based Republic First Bancorp and agreed to sell it to Fulton Bank, a unit of Fulton Financial Corp .
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