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Greece banks to stay closed on Monday, Piraeus Bank chief says, after emergency meeting in Athens This breaking news story is being updated and more details will be published shortly

Cyprus Shows Your Savings Will Be Stolen! UK Theft Is By Means Of High Inflation Economics / Credit Crisis 2013March 25, 2013 - 03:24 AM GMT By: Nadeem Walayat Different faces but the same old story is being replayed in a small part of the Euro-zone, Cyprus, and that story is one of the Cypriot banking crime syndicate gambling with depositor funds on the debt markets, this time it's Greek bonds, yes, these master-eds of the universe used depositor funds to pile into soon to go bankrupt Greece because of the high yields they offered so that the bankster's could...

With news this evening that the Cypriot banks will not now be re-opening tomorrow (as perhaps - as we noted earlier - a little more of those precious deposits leaked away during the closures than expected): CYPRUS BANKS TO REMAIN CLOSED THROUGH MARCH 27: CENTRAL BANK We thought it useful to consider Cyprus in relation to the longest bank closures in history. Cyprus has now shutdown its banking system longer than Argentina, Ecuador, and Uruguay and as far as President Anastasiades comments that capital controls are temporary - we can only hope for the depositors sake - that it's not...

The latest warning signs are, once again, popping up in Europe and should be taken seriously, as it is only a matter of time before such events play out in the rest of the world, including right here at home: Via Adiconsum Italia – Translated via Google BNI depositors unable to make withdrawals / payments, payments of utility bills, mortgage payments, taxes Peter Giordano, Adiconsum: “Grave of the Bank of Italy’s attitude that takes action without considering the impact on depositors, and especially on single-income families and pensioners” The Bank of Italy authorized the suspension of payments by Bank Network...

BNI depositors unable to make withdrawals / payments, payments of utility bills, mortgage payments, taxes Peter Giordano, Adiconsum: "Grave of the Bank of Italy's attitude that takes action without considering the impact on depositors, and especially on single-income families and pensioners" Adiconsum Bank of Italy asks for an urgent meeting and the lifting of the The Bank of Italy authorized the suspension of payments by Bank Network Investments SpA (BNI) without communicating anything to the depositors.

I don't often put stories in "breaking." I post vanities even less often. Hardly anything surprises me any longer, but I find this absolutely astounding. If you follow the financial threads or the situation in Europe, you really need to read this. Actually anyone with a bank account needs to read this. I'm going to ask the mods to leave this here, unless they really feel I'm all wet here. I don't, however, believe I am. Follow me here. BNI (Bank Network Investments) is Italy's oldest and forth largest bank. In other words, it's a biggie. Anyway, the bank went...

Bank of Greece complicit in broadscale embezzlement revealed by respectable Greek health site... The illegally denied default of Greece entered a dramatic new phase this afternoon with the revelation by mainstream Greek public health website Health News that, shortly before midnight on March 8th – the eve of Greece's psi completion on Friday March 9th – on average 70% of public utility funds in varous large, interest-bearing accounts at the Bank of Greece were raided. These included most of the state's regional hospital budgets, various universities, and (it is alleged) at least one utility company. The shortfalls came to light...

ORANGE COUNTY, Fla. (WOFL FOX 35) - - FBI agents from the Washington, D.C. field office have raided a building in downtown Orlando. The building raided is the Colonial Bank building on Pine Street. The FBI is working with the Office of the Special Inspector General for the Troubled Asset Relief Program which was established by the Emergency Economic Stabilization Act of 2008. FOX 35 has a crew at the scene. Check back for updates.

NEW YORK (MarketWatch) -- The top-performing letter that predicted the Crash of 2008 now predicts a confiscatory Franklin D. Roosevelt-style "bank holiday." But it's surprisingly sanguine about stocks -- in the (very) short term. The Harry Schultz Letter (HSL) was my pick for Letter of the Year in 2008 because it really did predict what it rightly called a coming "financial tsunami." But its performance in 2008 was still terrible, albeit arguably for technical reasons. ( See Dec. 28, 2008, column.) Now HSL has bounced back big-time. ( See April 13 column.) Over the year to date through May, it's...

The rescue has failed: it's time to fess up, reboot and start again Last Updated: 9:40AM GMT 18 Jan 2009 Comments 16 | Comment on this article It's official. Government policy isn't working. As bank shares collapse amid renewed carnage on global markets, we now know the worst isn't over. This crisis just entered a whole new phase. Gordon Brown's "rescue plan" lies in tatters. Perhaps now the Prime Minister – and his counterparts across the Western world – will do what needs to be done. Regular readers know what's coming next. I've been writing the same thing for months....