With iron-ore stockpiles at record highs in China amid the escalating cash-for-steel financing debacles, one can only imagine the squeeze that is about to occur on the banks of a nation that is almost entirely economically dependent on said iron-ore mining production… which made us think when we saw this sign “justifying” holding low cash amounts in an Aussie bank ATM…
So no need for a withdrawal halt per se when you simply make it impossible for customers to get their money out…
h/t AS
via Zero Hedge http://ift.tt/1pemx8X Tyler Durden