Text only | Text with Images

The Core

Why We Are Here => Economics & Investing => Topic started by: Mackin USA on July 29, 2013, 04:50:55 PM

Title: Bank of Cyprus depositors lose 47.5 pct of savings
Post by: Mackin USA on July 29, 2013, 04:50:55 PM
As part of the bail-in of Bank of Cyprus, depositors taking losses - estimated roughly at around 4 billion euros - will get shares in the bank.

http://tinyurl.com/k4xo9vg

Jeff  ?
Title: Re: Bank of Cyprus depositors lose 47.5 pct of savings
Post by: Brad on July 30, 2013, 11:24:36 AM
If this becomes standard bailout practice throughout the EU, then it is back to Mattress National Bank.
Title: Re: Bank of Cyprus depositors lose 47.5 pct of savings
Post by: eljefe3 on July 30, 2013, 03:19:37 PM
I got out of there years ago MM, but that's tough that everyone had to take a haircut thanks to the dodgy loans to Greece.
Title: Re: Bank of Cyprus depositors lose 47.5 pct of savings
Post by: Mackin USA on July 30, 2013, 03:53:19 PM
Glad to hear it, Jeff
Text only | Text with Images