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Monthly Archives: March 2013
Banks in Europe eyeing deposits to cover gambling losses
“Cyprus and the EU reached a new late-night bailout deal last night that will reduce the chance that Cyprus’s financial system and economy will completely implode. The 10 billion euro deal requires Cyprus to drastically shrink its banking sector, which … Continue reading
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Cyprus bail-in triggers more instability and even deeper recession
Brookings Institution’s Domenico Lombardi discusses the questions raised by the Troika-Cyprus bailout deal. Here is a direct link. In all of the hopes for quick fixes, the elephant in the room which is now sitting on the chest of the … Continue reading
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The history of deposit insurance in America
Recent turmoil in Cyprus has focused the world’s attention on the issue of deposit insurance and what portion of bank deposits can or should be held harmless in a bank insolvency. Financial author Roger Lowenstein (When Genius Failed) reminds us … Continue reading
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