There may be trouble ahead...

[apc2010]

Are ryanair pulling out.......

[Barman]

Are ryanair pulling out.......

I dunno....

I know the Bank of Cyprus computers went down for two days preventing us from transferring munny - how fecking convenient is that? 

And no, they won't let you transfer the funds that you missed while their systems were down.... 

[Nick]

Are ryanair pulling out.......

Too many jokes

[apc2010]

Are ryanair pulling out.......

I dunno....

I know the Bank of Cyprus computers went down for two days preventing us from transferring munny - how fecking convenient is that? 

And no, they won't let you transfer the funds that you missed while their systems were down.... 

Wait till next month .........heard that a few places will close down .....

[apc2010]

Are ryanair pulling out.......

Too many jokes

 

[Barman]

Are ryanair pulling out.......

I dunno....

I know the Bank of Cyprus computers went down for two days preventing us from transferring munny - how fecking convenient is that? 

And no, they won't let you transfer the funds that you missed while their systems were down.... 

Wait till next month .........heard that a few places will close down .....

When I went to Nicosia last week I was amazed by all the empty shops.... 

[Darwins Selection]

Are ryanair pulling out.......

Well, they are Irish.

[Nick]

The airline that likes to say no? 

[apc2010]

Are ryanair pulling out.......

Well, they are Irish.

 

[Barman]

Are ryanair pulling out.......

Well, they are Irish.

 

[Baldy]

Are ryanair pulling out.......

Well, they are Irish.

 

[Barman]

Draft law to bail-in large depositors approved

Europe has moved a step closer to bailing in large depositors in future bank rescues, as happened in Cyprus this year.

Last night, the European Parliament's economics committee approved draft legislation under which customers with more than €100,000 would be liable to fund a rescue package. Smaller savers, though, would still be protected.

This new bank recovery and resolution mechanism is meant to end the era of taxpayer-funded bank rescues. Bank of England Deputy Governor Paul Tucker called it a milestone towards a world where governments were no longer willing to rescue banks that are “too big to fail”.

Under the EU proposal, a bank would dip into large deposits of over €100,000 once it had exhausted other avenues such as shareholders and bondholders, Reuters explains.

There could still be a battle, though, over who stands first in line for losses.

Be warned!

[Baldy]

Draft law to bail-in large depositors approved

Europe has moved a step closer to bailing in large depositors in future bank rescues, as happened in Cyprus this year.

Last night, the European Parliament's economics committee approved draft legislation under which customers with more than €100,000 would be liable to fund a rescue package. Smaller savers, though, would still be protected.

This new bank recovery and resolution mechanism is meant to end the era of taxpayer-funded bank rescues. Bank of England Deputy Governor Paul Tucker called it a milestone towards a world where governments were no longer willing to rescue banks that are “too big to fail”.

Under the EU proposal, a bank would dip into large deposits of over €100,000 once it had exhausted other avenues such as shareholders and bondholders, Reuters explains.

There could still be a battle, though, over who stands first in line for losses.

Be warned!

I know a chap that has already taken all of his money out of Spain. There will be a run on the banks all over the place. 

[Barman]

Draft law to bail-in large depositors approved

Europe has moved a step closer to bailing in large depositors in future bank rescues, as happened in Cyprus this year.

Last night, the European Parliament's economics committee approved draft legislation under which customers with more than €100,000 would be liable to fund a rescue package. Smaller savers, though, would still be protected.

This new bank recovery and resolution mechanism is meant to end the era of taxpayer-funded bank rescues. Bank of England Deputy Governor Paul Tucker called it a milestone towards a world where governments were no longer willing to rescue banks that are “too big to fail”.

Under the EU proposal, a bank would dip into large deposits of over €100,000 once it had exhausted other avenues such as shareholders and bondholders, Reuters explains.

There could still be a battle, though, over who stands first in line for losses.

Be warned!

I know a chap that has already taken all of his money out of Spain. There will be a run on the banks all over the place. 

Did I mention about the couple at the counter after me the other day...?

They were trying to get hold of their €840,000 that the bank was holding! 

[Baldy]

Draft law to bail-in large depositors approved

Europe has moved a step closer to bailing in large depositors in future bank rescues, as happened in Cyprus this year.

Last night, the European Parliament's economics committee approved draft legislation under which customers with more than €100,000 would be liable to fund a rescue package. Smaller savers, though, would still be protected.

This new bank recovery and resolution mechanism is meant to end the era of taxpayer-funded bank rescues. Bank of England Deputy Governor Paul Tucker called it a milestone towards a world where governments were no longer willing to rescue banks that are “too big to fail”.

Under the EU proposal, a bank would dip into large deposits of over €100,000 once it had exhausted other avenues such as shareholders and bondholders, Reuters explains.

There could still be a battle, though, over who stands first in line for losses.

Be warned!

I know a chap that has already taken all of his money out of Spain. There will be a run on the banks all over the place. 

Did I mention about the couple at the counter after me the other day...?

They were trying to get hold of their €840,000 that the bank was holding!