Amidst media reports speculating that Greek banks could exhaust their residual cash buffers in the next few days, Goldman Sachs anticipates the banks’ cash buffers could come under strain at any point. Pawal Dziedzic and team at Goldman Sachs published a report titled: “ECB decisions post “no vote” unlikely to bring liquidity relief” on Monday following the “no” vote in the Greek referendum. Greek banks’ cash buffers draining The Goldman Sachs analysts point out that the Greek banks are currently funding deposit outflows with their remaining cash buffers, in the absence of the ECB providing liquidity backstops. They argue that…
Greek Banks’ Cash Buffers Badly Strained: Goldman Sachs
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports