The Impact of the Global Financial Crisis on Bank Deposits

The Impact of the Global Financial Crisis on Bank Deposits

January Carmalt

20 years: Research & banking

In the first video looking at bank deposits, we discussed why bank deposits are seen as a risk-free investment. In this video we will look at the impact that the financial crisis had on depositors, firstly by looking at Iceland.

In the first video looking at bank deposits, we discussed why bank deposits are seen as a risk-free investment. In this video we will look at the impact that the financial crisis had on depositors, firstly by looking at Iceland.

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The Impact of the Global Financial Crisis on Bank Deposits

9 mins 12 secs

Overview

Before bail-in capital became officially endorsed by regulators, depositors in Iceland and Cyprus suffered losses on deposits when their respective banking systems collapsed. We examine what happened in these scenarios, and the first official ‘bail-in’ with Banco Popular, along with the lessons learned by regulators, savers and the markets.

Key learning objectives:

  • Why were British savers at risk from investing with Icelandic banks?

  • What losses did Cyprus impose on depositors and why?

  • What real-world implications may we glean from the ‘bail-in’ of Spain’s Banco Popular?

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Summary
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Expert
January Carmalt

January Carmalt

January began her career in 1999 with Bank of America in Charlotte, NC. From the Credit Products team, she moved into fixed income bond research covering Telecoms and Financials. While in London, January focused on financial institutions bond research until her Director and head bond analyst role at Deutsche Bank. As of 2011, January has worked as a freelance writer.

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