“Mark Carney says policy-makers are working diligently to devise an international ‘bail-in’ regime to prevent big bank failures, but he offered no guarantee that individual deposits would be protected. The Canadian central banker, who is a few months away from heading the Bank of England, says banks must have a set of buffers in place to draw on in an emergency. He notes the Canadian government has pledged not to dip into individual deposits. Carney did not answer whether there should be a total hands-off treatment to non-secured accounts as well, which in Canada would mean deposits over $100,000.”
Related posts:
Homeland Security mass US citizen face-scanning program rolled out in Orlando
Americans Collecting Disability Increased 1,385,418—Now 1 for Each 13 Full-Time Workers
U.S. to house migrant children in tents outside El Paso as detention centers overflow
Proposal to split California into three states makes November ballot
The Yuan Drop Just Added $14 Billion to Asia Inc.’s Debt Burden
Syrian atrocity: Bodies of postal workers thrown from roof (GRAPHIC VIDEO)
Obama mocks Lew’s loopy signature: Don’t devalue the dollar with illegible writing
Hundreds of protesters in Toronto call for Mayor Rob Ford to resign
Venezuela becomes next country to ban its own money, citing vast conspiracy
China Shows How to Destroy a Market
Former Troy DARE officer sentenced
Bundesbank Floats Wealth Levy Idea for Future Crises
Bitcoin gets big bets from Silicon Valley
Chris Christie's Attack on the Civil-Liberties Wing of the GOP
U.S. to let spy agencies scour Americans' finances