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This fellow is using Laiki bank, and the Cyprus Finance Minister said that they would be seeing an 80% haircut. Relevant: https://twitter.com/finansakrobat/sta
by niggler 14y ago
This fellow is using Laiki bank, and the Cyprus Finance Minister said that they would be seeing an 80% haircut.
Relevant: https://twitter.com/finansakrobat/status/316813023639646208 https://twitter.com/finansakrobat/status/316813023639646208
- gurvinder 14y agoNot 80% haircut. You will get only 100k Euros which is insured, rest is all gone. Bank is being dissolved.
- uvdiv 14y agoCyprus's finance minister said Tuesday that large deposit holders at Cyprus Popular Bank PCL (CPB.CP), the island's second biggest lender, could face losses of as much as 80% on their deposits as the government moves to wind down its operations. Speaking in a television interview with state broadcaster RIC, Michalis Sarris indicated that it could also take years before those depositors see any of their money returned. "Realistically, very little will be returned," Mr. Sarris said. http://www.foxbusiness.com/news/2013/03/26/cyprus-finance-minister-uninsured-laiki-depositors-could-face-80-haircut/ http://www.foxbusiness.com/news/2013/03/26/cyprus-finance-mi...