Tag Archives: Bank of England

Will the Cypriot banking crisis force the European Central Bank into its own version of the U.K.’s Funding for Lending scheme

Will the Cypriot banking crisis force the European Central Bank into its own version of the U.K.’s Funding for Lending scheme? When Cyprus’s two biggest banks failed, and uninsured depositors were forced to take massive losses, there were initial fears … Continue reading

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FDIC & BANK OF ENGLAND CREATE RESOLUTION AUTHORITY FOR UNLIMITED CYPRUS-STYLE “BAIL-INS” FOR TBTF BANKS!

The Federal Deposit Insurance Corporation (FDIC) and the Bank of England—together with the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, and the Financial Services Authority— have been working to develop resolution strategies for … Continue reading

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Where Is the Bank of England’s Gold?

Venezuela will be nationalizing their country’s gold mines and repatriating their gold reserves which amount to $11 billion that are held in foreign banks: Finance Minister Jorge Giordani said that the weakening U.S. dollar, a near-default by the U.S. government … Continue reading

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