| Author | Message | ||
     Abhinav Junior Artist Username: Abhinav Post Number: 303 Registered: 09-2010 Posted From: 66.90.101.228 Rating: N/A |
http://www.telegraph.co.uk/finance/economics/10354737/US-gov ernment-shutdown-banks-stockpiling-cash.html America’s biggest banks are stockpiling extra cash in their ATMs, amid fears that the government shutdown and the threat of a US default will induce a sudden panic among their customers. Major banks have increased the amount of funds by around a third, and are holding daily meetings in sealed rooms to map out their contingency plans, according to well-placed sources. In some cases, they are discussing the possibility of extending free credit to customers who do not receive the Social Security payments they would normally rely on, because of the ongoing services blackout. |
