Alpha Bank in Greece is freezing funds, no transfers, no Internet Banking over this weekend

CIdmJzhWIAE4woiGreece’s Alpha Bank Freezes e-Transfers until Monday. Because correlation does not equal causation, we present the following with no comment other than to note that according to Goldman’s estimates (shown below), Alpha Bank, which has announced that web banking will “operate with limited functionality” over the weekend, happens to have the smallest ELA buffer of the four major Greek banks. And of course, Greek PM Alexis Tsipras has just called for a referendum on euro membership to be held next Sunday. Read Article

 



Categories: Banks-Bankers, Greece

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