“Covered deposits no longer need to be protected, according to the European Central Bank (ECB), which has proposed this month to stop withdrawals when a bank is on the verge of failing. It has suggested the current €100,000 (£85,000) deposit level currently protected in the event of a bail-in would no longer be available.”
Read more: https://www.rt.com/document/5a1283f3fc7e93c0588b4568/amp/410373-ecb-end-deposit-protection
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