Capital Controls Hit Greek Banks: FX Trading Curbed As Credit Lines Cut
by Tyler Durden
ZeroHedge.com
05/06/2015
While officials have begun their own versions of capital controls by raiding pension funds, confiscating local government cash, and surcharges on withdrawals (and transfer ceilings); it appears the market participants themselves have now imposed their own share of capital controls. As Bloomberg reports, international securities firms are curtailing trading with major Greek banks – pulling credit lines and restricting FX trading limits – as fear of Grexit looms.
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