Categories





The Phaserl








TheLibertyMill


‘Bail-in’ Risks See Europe Banks Get Downgrade Warning

from Gold Core:

The move towards “bail-ins” and away from government “bailouts” continues to evolve and yesterday credit rating agency, Standard and Poor’s (S&P) warned that this could lead to credit ratings for European banks being slashed by one or two notches.

Following similar moves in the U.S., European banks could see ratings downgrades if regulators continue to move towards depositor and bondholder “bail-ins.” S&P signaled that it would review its ratings on banks by the end of April this year.

In the future, rather than banks becoming insolvent and being liquidated and wound up as has happened throughout history, “bail-ins” will force losses on bank’s creditors including depositors as was seen in the testing ground for bail-ins that was Cyprus.

Read More @ GoldCore.com

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>