LONDON (Reuters) - If the bailout of Cyprus is a template for European rescue deals it marks a "game-changer" for banks that could raise funding costs, see deposits shift more quickly and delay the prospect of higher dividends.
Europe signalled this week that large depositors would shoulder part of the cost of future bank bailouts after savings over 100,000 euros were targeted in the Cyprus rescue package. That sent bank share prices falling and pushed up the cost of insuring bank debt against default.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
