The Cyprus banking crisis and its aftermath

Depositors in Cypriot banks lost billions when savings were confiscated to protect the island’s banking system in 2013, in a process known as a bail-in.

Creator	Time	URL
Ruth Levush	5min	Full source

The Cyprus Banking Crisis and its Aftermath: Bank Depositors be Aware | In Custodia LegisThe Library of Congress

Takeaway Regular depositors were forced to pay with their bank funds for excessive risk-taking behavior by a couple of Cyprus banks.