The latest Economic Brief from the Federal Reserve Bank of Richmond suggests that bank runs could be prevented by creating deposit contracts that would eliminate depositor
fears that a bank might run out of reserves.
can receive compensations in 26 branches of Kapital Bank OJSC until Feb.
The relationship between a bank and the depositor
is governed by contract and such contract may stipulate on the payment of interest.
He blamed bank failures on poor corporate governance, saying risk-based premiums will reward best practices and shield depositors
by setting higher compensation.
New Delhi [India], Jan 3 ( ANI ): Following media reports on bail-in provisions under the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, Department of Economic Affairs Secretary Subhash Chandra Garg on Wednesday claimed that these provisions would not be applicable to around 98 percent of depositors
The fact that non-performing loans, amounting to AaAaAeA@1/412 billion, remain uncovered simply means that, in terms of substanc depositors
have lost their money, given that the banks are unable to repay those funds to their depositors
, including retirees, senior citizens and teachers, entrusted GSIS Family Savings Bank with their money because of the acronym 'GSIS' affixed to its name.
While the deposits of all state-owned banks were protected through government guarantees at the time of nationalization, de-nationalization coupled with entry of new banks has left the safety of deposits to an arbitrary and implicit depositors
protection by the government or the State Bank of Pakistan in case of private-sector owned bank fails.
Bank of Ghana is under pressure from officials to recover money for depositors
who had invested in microfinance ventures that were recently closed.
The Bank of England on Friday reported that the Prudential Regulation Authority (PRA) has announced new rules to ensure depositors
are given the chance to adjust to the new lower limit, changed by the Financial Services Compensation Scheme (FSCS).
Earlier in January this year, all depositors
of the GK Ltd were given an interim payment up to Rs 300,000.
Speaking after a meeting with Finance Minister Vladislav Goranov and the managers of the nine banks servicing customers of KTB, Milenkov made clear that around 2% of the depositors
at KTB had withdrawn the money in cash.