TITLE

15,000 UK savers avoid Cyprus levy

PUB. DATE
April 2013
SOURCE
Daily Mail;4/ 3/2013, p30
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
AROUND 15,000 savers in the UK arm of stricken Cypriot bank Laiki will see their deposits protected under British rules and will escape the Cyprus banking levy.
ACCESSION #
86639548

 

Related Articles

  • Cyprus closer to EU bailout.  // Daily Mail;6/4/2012, p57 

    THE Bank of Cyprus is writing to its savers in the UK to tell them it is reorganising its business to bring their accounts under the British deposit protection scheme.

  • The stealth raid on our wealth. Anthony Hilton // Evening Standard;3/26/2013, p50 

    IT is easy to understand why savers in Cyprus took to the streets to protest against the initial bank rescue plan, which would have seen a one-off levy on their savings of about 8%.

  • Bank of Cyprus says its British savers will get UK protection. Richard Dyson // Mail on Sunday;6/ 3/2012, p73 

    BANK of Cyprus UK is writing to its 50,000 British savers to tell them it is restructuring its business to bring their accounts - worth almost £1billion - under the wing of the British depositor protection scheme.

  • Bondholders burned. Niamh Lyons // Daily Mail;3/26/2013, p8 

    CRISIS-stricken Cyprus has agreed a €10billion bailout to avoid economic meltdown that will burn its bondholders but protect savers with less than €100,000 on deposit.

  • Cyprus parliament holds crisis session over bailout levy deal. Holt, Natalie // Mortgage Strategy (Online Edition);3/18/2013, p13 

    The article reports on the plan of the Cyprus parliament to hold an emergency session in 2013 over a controversial deal to tax savers as part of a 10 billion euro bailout agreed by the European Union and the International Monetary Fund (IMF). The deal would see a 6.75% levy imposed on all...

  • Cyprus parliament holds crisis session over bailout levy deal. Holt, Natalie // Money Marketing (Online Edition);3/18/2013, p20 

    The article reports that the parliament of Cyprus will hold an emergency session over the deal to tax savers as part of a bailout agreed by the European Union and the International Monetary Fund, which would impose a 6.75 per cent levy on all deposits under 1,000 euros.

  • Cyprus Seeks Russian Aid. Investor's Business Daily // Investors Business Daily;3/21/2013, pA01 

    6 Finance Minister Michael Sarris, in Moscow, reported no deal yet for further borrowing from Russia to help avoid a Cypriot bank collapse. Cyprus lawmakers on Tue. rejected European bailout terms for a 5.8% bank deposit levy. Many Russian businesses and people use Cyprus as a fin'l haven....

  • 'Google tax' on giant firms that dodge their fair share.  // Daily Mail;9/30/2014, p6 

    GLOBAL firms that use accountancy tricks to avoid UK tax are to be hit with a new levy. George Osborne will unveil details of the 'Google tax' in his minibudget in December.

  • What Bank governor's pledge means for your finances. James Coney // Daily Mail;8/ 8/2013, p10 

    SAVERS

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics