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Sgent

(5,858 posts)

15. Cash withdrawls

Reply to dixiegrrrrl (Reply #6)

Sat Jan 25, 2014, 05:42 PM

Jan 2014

even large ones, are such a small amount of the banks liquidity needs that its a rounding error most likely.

If they start imposing restrictions on wire transfers and the like, that's when I would be worried about a bank run. Currency withdrawals are about money laundering.

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Highlight:

HSBC (Britain's largest bank) Restricts Large Cash Withdrawals [View all] dixiegrrrrl Jan 2014 OP

Big red flag. Agschmid Jan 2014 #1

Yes it is - they are afraid of a run on the banks. jwirr Jan 2014 #12

I get the logic DFW Jan 2014 #2

The best way to start a run on a bank ChairmanAgnostic Jan 2014 #3

Hong Kong Shanghai Banking Corporation Jesus Malverde Jan 2014 #4

Governments don't want people making large cash transactions -- they're hard to tax FarCenter Jan 2014 #5

Has nothing to do with the 80 billion shortfall, eh? dixiegrrrrl Jan 2014 #6

If they had a liquidity issue, they would restrict wire transfers. FarCenter Jan 2014 #8

It's always the fault of those darn regulators Aerows Jan 2014 #14

Cash withdrawls Sgent Jan 2014 #15

Is it possible to write a really big check to yourself? Renew Deal Jan 2014 #7

They just got though selling their credit card accounts to Capital One. LiberalArkie Jan 2014 #9

from Max Keiser marmar Jan 2014 #10

I watched that yesterday dixiegrrrrl Jan 2014 #11

Time to get your money out trublu992 Jan 2014 #13

SO GLAD I GOT OUT OF HSBC 9 MONTHS AGO!!! lindysalsagal Jan 2014 #16

maybe true but dated... Jesus Malverde Jan 2014 #17