- n a person who has deposited money in a bank or similar institution
- When a bill comes to the depositor's home, it is approved, sent to the bank and paid by the bank out of the depositor's funds.
- The only loser in the deal appears to be the buddy depositor.
- The deposits that the FDIC has some responsibility for (up to $250,000 per depositor) add up to $241 billion.
News & Articles
- 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.