Monday, June 16, 2014

Canadian Bank Bail-In

As governments around the world implement “bail-in” provisions to avoid taxpayer-funded bank bailouts, Moody’s Investors Service took action in Canada on Wednesday by changing the outlook to negative from stable on some of the senior debt and uninsured deposits of Canada’s largest seven banks.   (Read more...)
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The safest solution for your cash is our "U-Vault Account." Why risk cash in a bank when it immediately becomes bank debt? Keep cash deposits in "cash" in a fully insured vault.  BK