Europe Make Cyprus "Bail-In" Regime Continental Template Turns out that for Europe, Cyprus was a " bail-in " template after all, and following an agreement reached early this morning, Europe now has a joint failed-bank resolution mechanism. Several hours ago, EU finance ministers announced that they had reached agreement on the principles governing the imposition of losses on creditors in bank 'bail ins'. Having already agreed to establish "depositor ...
June 27, 2013 - Zero Hedge
President Bush in FOXNews If you're a depositor, you're protected by the federal government,Bush said.
Jean-Claude Juncker in Economic Times In joint declaration they pledged to protect the stability of financial institutions by providing "liquidity support through central banks, action to deal with individual banks or enhanced depositor protection schemes. In Luxembourg, finance...
Yves Leterme in Newsweek No client or depositor (at Fortis) will end up in problems due to the financial crisis,Leterme told reporters late Sunday after two days of closed-door talks between BNP Paribas and government officials.