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A series of unexpected cash withdrawals caused by a sudden decline in depositor confidence or fear that the bank will be closed by the charteringagency, i.e. many depositors withdraw cash almost simultaneously. Since the cash reserve a bank keeps on hand is only a small fraction of its deposits, a large number of withdrawals in a short period of time can deplete available cash and force the bank to close and possibly go out of business.
Read also Euro debt crisis
The innovations proposed by the Bank of Russia are aiming to mitigate the risks of market manipulations that may be committed under the guise of maintaining exchange trading parameters. The relevant draft ordinance is available on the Bank of Russia’s website.
Yankee market The U.S. foreign market. The market in the U.S. for securities that non U.S . companies and governments issue. Example: Some shares of Nomura Securities trade in New York in the Yankee market. […]
Are you looking for ways to maintain headcount and increase the loyalty of your core employees? We are talking about your managers and top sales members, the people who drive your business forward. In an […]
