Showing posts with label losses. Show all posts
Showing posts with label losses. Show all posts

Saturday, June 29, 2013

EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues

This answers any doubts as to whether depositors will be on the hook when their bank collapses.  Taxpayers funded the last round of bank bailouts.  Depositors will be next.

http://www.telegraph.co.uk/finance/financialcrisis/10145355/EU-makes-bank-creditors-bear-losses-as-Cyprus-bail-in-becomes-blue-print-for-rescues.html

Friday, March 29, 2013

Resolving Globally Active, Systemically Important, Financial Institutions Federal Deposit Insurance Corporation and the Bank of England

The $64 trillion question is who are the "unsecured creditors"?  If they are depositors over the guaranteed limits, expect corporations and individuals to park their money elsewhere.

http://www.fdic.gov/about/srac/2012/gsifi.pdf