Monday, May 20, 2013

EU draft bank rescue law would not shield big deposits

http://www.reuters.com/article/2013/05/20/us-eu-banks-idUSBRE94J0AC20130520

A draft law that a group of European Union lawmakers voted for on Monday would shield small depositors from losing their savings in future bank rescues, but customers with more than 100,000 euros in savings when a bank failed could suffer losses.

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