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.

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Time
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Ruth Levush

5min

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LogoThe Cyprus Banking Crisis and its Aftermath: Bank Depositors be Aware | In Custodia Legis: Law Librarians of Congress

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

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