Monday, December 14, 2015

Bail-In of EURO Banks Continues

There is a private banking solution to the "bail-in" threat that will save your pensions and deposits. Don't be a victim of the crisis, be proactive and save your hard earned wealth with "Silk Money"  contact us to learn more.   BK

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Watch the presses roll as Europe scrambles to fix its banks
(To read the full article you will have to subscribe to the Financial Times)

The story is about the suicide of an Italian pensioner last week after he realised that he had been “bailed-in” during a bank resolution procedure .

This hard working pensioner saved his money for retirement and bought a bank certificate which is first on the list of unsecured credit. The bank declared a "bail-in" and confiscated his funds.   Read more...