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Liberty and Finance Customer deposits in insolvent banks

TheWexfordInn

PI Member
Oct 30, 2015
6,965
11,044
Surely the bottom line for most people is that in the (repeatedly mentioned) bail-in scheme in Cyprus that depositors with less than 100,000 Euro did not lose any of their deposit.

That will cover most average depositors although there will have been people who had their entire live savings that was going to fund their retirement who lost out badly.

The take away message is don't deposit more than 100,000 Euro in any one bank.
 
D

Deleted member 2643

Non Registered Member
GUEST
In 2021 it might be better off under the mattress
 
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