Cyprus debt-for -equity swap: update

Mike "Mish" Shedlock in the comments at Golem XIV links to his own blog where he in turn posts an email from somebody who has do...

Cyprus does debt-for-equity swaps on a grand scale

Via Little Professor at HPC , from the BBC : People in Cyprus have reacted with shock to news of a one-off levy of up to 10% on savings as p...

They're softening us up for another taxpayer-funded bank bail out

From City AM: UK banks must raise tens of billions in extra capital . Sky News: UK's Banks 'Could Need Billions More Capital' BB...