deposits

Please Pay in Cash

Published by City Blaster on Thu, 28/03/2013 - 13:22
cash is king

Daily Market Commentary for March 28: Cash is king! That’s something Cypriots will have in mind today as tight capital controls apply to their deposits. Banks reopened but the economy will struggle soon, as money will be drained from it.

Deposits Are Not Safe Assets

Published by Filipe R. Costa on Tue, 26/03/2013 - 10:30
bank robbery

Daily Market Commentary for March 26: If you hold money at banks you have reasons to be concerned as the European Union just found a new bailout funding source: bank deposits. Deposits held at Laiki Bank in Cyprus will be levied in at least 40%.

How Much Money Does Anastasiades Still Hold At Cypriot Banks?

Published by Filipe R. Costa on Wed, 20/03/2013 - 16:45
Cyprus bailout

Daily Market Commentary for March 20: That’s the million dollar question I can’t get rid off in my mind. Over the last few days I have been thinking about it and I wonder how much money does the Cypriot President still hold in his bank account(s).