Author Topic: LLOY.L (ADR) - Lloyds Banking Group  (Read 1582 times)

Spekulatius

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Re: LLOY.L (ADR) - Lloyds Banking Group
« Reply #10 on: March 23, 2018, 05:16:39 PM »
I own Bank of Cyprus, which trades in UK but has nothing to do with UK economy. It has been going down fast recently. I wonder if it is related to Brexit fears and wide spread sell off of all UK financial stocks?

Cyprus is Europeís money laundromat, especially for the Russians. Maybe it has to do with Putinís re-election?
To be a realist, one has to believe in miracles.


DRValue

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Re: LLOY.L (ADR) - Lloyds Banking Group
« Reply #11 on: March 24, 2018, 02:09:49 AM »
 Was it Cyprus that bailed in depositors?
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Spekulatius

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Re: LLOY.L (ADR) - Lloyds Banking Group
« Reply #12 on: March 24, 2018, 02:34:18 AM »
Was it Cyprus that bailed in depositors?

Yes, a 47% haircut to depositors with more than Ä100k in deposits. Itís all good now, Wilbur Ross was vice chairman for a while after the collapse
https://www.theguardian.com/us-news/2017/mar/23/wilbur-ross-russian-deal-bank-of-cyprus-donald-trump-commerce-secretary
To be a realist, one has to believe in miracles.