BEIJING, June 6- China's central bank on Monday cut its threshold for individual investors subscribing to large-scale certificates of deposit. In an online statement, the People's Bank of China said individual investors now need a minimum of 200,000 yuan, down from 300,000 yuan earlier. The measure takes effect on June 6, it added.
ABU DHABI, June 5- Banks in the United Arab Emirates have very good liquidity, represented by the abundant amount of certificates of deposit held with the central bank, its governor said on Sunday.
Yields on these funds are now 0.1%. If rates go negative, investors will earn zero. Theoretically, that could be the end of the industry.
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The Supreme Court ruled that the victims of former Texas tycoon R. Allen Stanford's massive Ponzi scheme can go forward with class-action lawsuits.
Portugal's top bankers have called on Europe's leaders to stop "playing with fire" and moderate their stance towards the euro zone periphery, or risk instilling alarm among bank depositors in future, the FT reports.