News you should be aware of – It Begins: One European Bank Fails, Another One Needs An Urgent Cash Injection! | Zero Hedge

The situation is so bad the regulator has already immediately tasked the special fund organizing the Deposit Guarantee Scheme to start paying out the clients of the bank, even though Optima Bank hasn’t filed a bankruptcy procedure just yet. The urgency of the need to pay the clients does indicate the situation is extremely bad and even though it’s a very small one (it had closed the savings accounts division last year), there are two more important things you need to keep in mind.

Nothing to see here, move along like a mind numbed robot.