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Corralito (Spanish pronunciation:) is the informal name for the economic measures taken in Argentina at the end of 2001 by Minister of Economy Domingo Cavallo in order to stop a bank run which implicated a limit of cash withdrawals of 250 ARS per week (at that time US$1 = 1 ARS). Electronic transfers and credit and debit card payments were not ...
An auction rate security (ARS) typically refers to a debt instrument (corporate or municipal bonds) with a long-term nominal maturity for which the interest rate is regularly reset through a Dutch auction. Since February 2008, most such auctions have failed, and the auction market has been largely frozen.
Syria's central bank has ordered commercial banks to freeze all accounts tied to people and companies linked to the ousted regime of former President Bashar al-Assad, according to a document seen ...
A federal judge temporarily blocked part of the Trump administration’s pause on federal grants and loans Tuesday, just hours before it was set to take effect, as a slew of advocacy groups ...
The Federal Reserve Board's Regulation T requires brokers to "freeze" accounts that commit freeriding violations for 90 days. Accounts with this restriction can still trade but cannot purchase stocks with unsettled sale proceeds (stocks take two days to settle). [1] Freeriding can often be avoided by using a margin account.
Malaysian authorities have frozen almost 100 bank accounts linked to an Islamic business group being investigated for suspected child abuse, a senior police official said on Tuesday. Authorities ...
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In recent days, judges have pumped the brakes on Trump’s efforts to freeze spending, cull the federal workforce, end automatic citizenship for children born on U.S. soil, send transgender women ...