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Greek bank ELA cap lowered to €69.9B
Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them
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Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund
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TheBank of Greece SAsaid April 7 that the ECB Governing Council did not object to the Greekcentral bank's request to lower the ceiling on emergency liquidity assistance toGreek banks to €69.9 billion until April 21.
TheGreek central bank attributed the reduction of €1.4 billion in the ELA cap to animprovement of the liquidity situation of Greek banks amid a reduction ofuncertainty and the stabilization of private sector deposit flows.