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by throw3849 1754 days ago
My friend lost 1M in Cypriot bank. There are many stories about frozen assets.

If you have decent money, using single account/country is not just lazy, but stupid.

2 comments

If you have decent money you go with the best, no need to spread:

Below the list of the world's top 50 safest banks

https://d2tyltutevw8th.cloudfront.net/media/document/press-r...

I haven't found any of these stories. Care to share a news article?
Search for "Laiki bank account" and that gives plenty of info about Cyprus money re-appropriation, for example.

Iceland bank issues were widely covered too

I couldn't find anything about re-appropriation. Just about the bank having problems, and the accounts being moved to a different bank.