COMPANY MANAGEMENT WEALTH MANAGEMENT TRUSTS AND SUCCESSION TAX PLANNING CONTACTS Cyprus bank ‘bail in’ Posted on May 13, 2017 by wobby The most significant financial event in recent history was announced today when the EU’s institutions and members pressed Cyprus to restructure all Cyprus based bank deposits effectively applying a haircut to all accounts of between 6-10 percent. The decision took no account of stewardship and compensated all depositors with shares in the Bank of Cyprus and Laiki Marfin. The coerced Cyprus government felt obliged to comply failing entirely to protect widows, orphans and those with less the supposed EU guarantee of Euros100,000. A very dark day indeed for Cyprus while the EU’s decision lacked finesse and fairness. Posted in Latest News. Post navigation ← Boosting Your Portfolio Orphanides – Cyprians Not Equal… → Overview Ethos Advisors Briefings MD Programme WM Programme Investments: Index Linked Strategy for Trustees Library Cyprus World Essays Double Taxation Conventions Hague Convention Archives & Downloads Professional Journals Professional Journals STEP © 2020 London Trust & Fiduciary Co. Limited