ZURICH, Jan 16 (Reuters) – Online broker Swissquote said on Friday it would book a provision of 25 million Swiss francs ($24.5 million) after the surge in the value of the currency left many of its clients out of pocket.
Two Greek banks are requesting emergency liquidity assistance (ELA) from the Bank of Greece, according to local media. The ELA offers emergency assistance to stop banks that are still solvent, but are having temporary liquidity problems from failing and endangering the financial system. There’s a good Reuters rundown of what that means here…
NAIROBI, Jan 16 (Reuters) – Kenya’s capital market has shifted cash settlement of equities and corporate bonds traded on the bourse to the central bank’s payments system, to reduce risks and shorten transaction times, the market regulator said on Friday.
LONDON, Jan 16 (Reuters) – Greek government bond yields rose on Friday after two of the country’s lenders have asked to tap the central bank’s Emergency Liquidity Assistance (ELA) facility.
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