bank run

Adam Taggart
By Adam Taggart on Mon, Mar 18, 2013 - 1:42am

Tracking the Impact of Cyprus' Wealth Confiscation

By now, most are aware of the announcement by Cyprus and the IMF that savers with deposits in Cypriot banks will see up to 9.9% of their savings disappear in the morning as part of a bailout agreement for Cyprus' banking system.