Tag Archives: Bank run

Bank Run Fears: Customers Being Forced to Provide Evidence For Why They Need Cash

By Mac Slavo SHTFplan.com In early 2013 the country of Cyprus locked down private banking accounts and restricted access to depositor funds. It was the first widely documented instance of a “bail-in,” as bank officials and European regulators determined that bad loans taken on by the banks were now the responsibility of the banks’ customers. […]

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Cyprus bank insolvency crisis quickly escalating; may set off EU bankageddon

(NaturalNews) As you may have suspected, there’s far more to the Cyprus bank crisis story than meets the eye. It turns out the shutdown of Cypriot banks has caused a large-scale financial shutdown of the Russian government which uses Cyprus banks for most transactions. On top of that, the EU central bank (ECB) has now […]

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