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muriel_volestrangler

(106,226 posts)

16. Business Insider seems not to have heard about Icelandic banks

Reply to dkf (Original post)

Mon Mar 25, 2013, 12:29 PM

Mar 2013

if it thinks "never before in the history of this global financial crisis has a major banking system allowed depositors to lose money". There was quite a large fight about it - not only did big depositors lose money, the guarantee scheme didn't pay back small depositors, if they were foreign. But the end result, confirmed by a European court, was that the depositors had to queue for the assets to be liquidated, a process not yet complete after 4 years.

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IT'S OFFICIAL: Banks In Europe May Now Seize Deposits To Cover Their Gambling Losses [View all] dkf Mar 2013 OP

Last I saw is 30%: The Straight Story Mar 2013 #1

The latest I saw is no more than 40%. dkf Mar 2013 #2

Is the 30% only on amounts over 100,000 euros? NutmegYankee Mar 2013 #3

The haircut will be on the uninsured amounts above the limit. dkf Mar 2013 #4

That's good nt NutmegYankee Mar 2013 #5

Deposit Insurance Summary FarCenter Mar 2013 #23

I guess it hasn't occurred to these austerity folks that Cleita Mar 2013 #6

Cash is the risky asset. Whodathunk. dkf Mar 2013 #7

Personally, myself, considering the banks pay practically no interest as it is, Cleita Mar 2013 #8

That's a load of puff. dipsydoodle Mar 2013 #9

But why keep your funds in a shaky Spanish or Italian bank when you can go elsewhere? dkf Mar 2013 #10

Nothing shaky about Spanish banks now dipsydoodle Mar 2013 #11

Spain Brings the Pain to Bank Investors Government to Impose Heavy Losses on Shareholders and dkf Mar 2013 #12

Spain braces for �tsunami� of bankruptcies as banks pull plug on zombie developers dkf Mar 2013 #13

As I said dipsydoodle Mar 2013 #14

Don't make large, uninsured deposits with dodgy banks that like to gamble, Nye Bevan Mar 2013 #15

Business Insider seems not to have heard about Icelandic banks muriel_volestrangler Mar 2013 #16

They probably don't qualify Iceland as a Major Banking System dkf Mar 2013 #18

Its banking sector was about the same size as Cyprus muriel_volestrangler Mar 2013 #24

(warning strong language) Rise Rebel Resist Mar 2013 #17

Wow now that is a RANT! dkf Mar 2013 #21

i watch bbc s*cks a c*cks news everyday Rise Rebel Resist Mar 2013 #22

Be careful where you park your money. geek tragedy Mar 2013 #19

Clearly a reason everyone needs an assault rifle to help with bank withdrawls or HereSince1628 Mar 2013 #20