Cash flow (Newbridge edition)

By Economics Correspondent Sean Whelan Hourly reporting.  That’s what the Central Bank imposed on Newbridge Credit Union back at the end of July.  The regulator wanted to know how much cash was leaving the credit union every hour. Why? – because the members had started pulling their savings out, and hourly reporting would give the Central Bank a head start on knowing if a run was underway. Every business hour, the Special Manager sent a note of Newbridge Credit Unions liquidity position …