EU’s Rehn: Big depositors could suffer in future bank bailouts under new law

Big bank depositors could take a hit under planned European Union law if a bank fails, the EU’s economic affairs chief Olli Rehn said on Saturday, but noted that Cyprus’s bailout model was exceptional. “Cyprus was a special case … but the upcoming directive assumes that investor and depositor l…

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EU’s Rehn: Big depositors could suffer in future bank bailouts under new law

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