NICOSIA, Cyprus (AP) — Depositors at bailed-out Cyprus’ largest bank will lose 47.5% of their savings exceeding 100,000 euros ($132,000), the government said Monday.
Read more: http://tinyurl.com/m2se3nc
NICOSIA, Cyprus (AP) — Depositors at bailed-out Cyprus’ largest bank will lose 47.5% of their savings exceeding 100,000 euros ($132,000), the government said Monday.
Read more: http://tinyurl.com/m2se3nc
Mark Carney says policy-makers are working diligently to devise an international “bail-in” regime to prevent big bank failures, but he offered no guarantee global depositors would be protected under all circumstances.
Canadian savers with accounts in the country’s six systemically important banks need not worry, however, he said at an event in Washington hosted by Thomson Reuters.
Read more: http://tinyurl.com/c4n6pfq
Interest rates are going up – but in a rare bit of good news for Canadian bank customers, this time it involves savings accounts.
Read more: http://tinyurl.com/btfdynj