Bank of Cyprus depositors lose 47.5 pct of savings

Started by Mackin USA, July 29, 2013, 04:50:55 PM

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Mackin USA

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  ?
Mr. Mackin

Brad

If this becomes standard bailout practice throughout the EU, then it is back to Mattress National Bank.

eljefe3

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.

Mackin USA

Mr. Mackin