Speed Reads

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Greek banks to close Monday

Greece will close its banks Monday following the European Central Bank's decision to freeze funding to the debt-saddled nation at its current level, The Wall Street Journal reports. As Greece's talks with creditors have collapsed this weekend, people have rushed to ATMs to withdraw their savings in case the nation defaults on its $1.8 billion debt due Tuesday, the same day the current bailout program expires.

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Prime Minister Alexis Tsipras didn't say whether the banks might stay closed longer than just one day, The Associated Press reports, but some reports say they'll remain closed for at least a week.