Bank Run

Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases

</header> <strong>Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set at €15,000. A draft bill from the …

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Another Chinese Lender Bailed Out After Bank Run

</header> <strong>Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that its top management was in …

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Economic Turmoil in Hong Kong Escalates as Colonial-Era Law Is Imposed

</header> <strong>Colonial-era law has been imposed in Hong Kong causing the economic situation to degrade further, with empty ATMs and bank runs becoming a new norm. Protestors and non-protestors alike fear the martial law-like ERO (Emergency Regulations Ordinance) could eventually grind the city’s financial activity to an unprecedented halt.</strong> Also Read: Protesters Wield Tools of …

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Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks

<header class=”article__header”> </header> <strong>The 11th week of protesting in Hong Kong has passed as the world has witnessed massive sit-ins at the national airport and demonstrations across several locations citywide. The 2019 anti-extradition bill protests have affected Hong Kong’s local economy, investors have dumped on the benchmark Hang Seng index, and now pro-independence activist, Chen …

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Deutsche Bank Collapse Could Crash Global Financial Markets

<header class=”article__header”> </header> <strong>German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system …

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