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Term Deposit | Bank REO Real Estate
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Nervous Americans want easy access to their cash

September 16, 2010 by · Leave a Comment
Filed under: Currency News 

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This is a sign that investors and holders of capital are not as confident in our banks holding their cash when deposits are paying historically low interests.  FDIC said that certificates of deposits (CD) declined by $200 billion while checking and savings accounts rose by almost the same amount.  Wonder if the $30 billion difference went into hard assets while we are seeing all time highs in the hard metals.    With this money going into very short term accounts, we are seeing credit tighten even more.

Partially some people might be questioning the banks ability to repay in 6-12 months time so they want to be as liquid as possible.  We are in fall again and the stock market rally has lost steam and we are overdue for a large correction.  After the last decline, maybe people are wising up and waiting for the stock market drop so they can buy at the bottom again.  The trick is to know when we have really hit bottom?   Something to ponder.

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Globex Puts Freeze on Term Deposits

October 15, 2008 by · Leave a Comment
Filed under: Global News 

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In a sign that the liquidity crisis is becoming more acute for Russian lenders, Bank Globex, one of the industry’s medium-sized players, has blocked early withdrawals from fixed-term deposit accounts for five days.  The announcement raised immediate concerns about whether the bank’s move was even legal.

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