Deposits
in sentence
467 examples of Deposits in a sentence
It is the Eurogroup, after all, that “solved” Cyprus’s financial crisis by partial confiscation of bank deposits, thereby undermining confidence in Europe’s banks and setting the stage for Greece’s bank panic two years later.
As the Fed slowly raises interest rates, those middle-class families holding their hard-earned savings at the bank will finally start realizing some return on their
deposits.
But this approach is hardly progressive, as the final holders of pensions, insurance contracts, and bank
deposits
are typically the beleaguered middle class and the elderly.
Or, in 11 words: horizontal drilling and hydraulic fracturing to recover
deposits
of shale gas.
While
deposits
above €100,000 at Laiki Bank – Cyprus’s second-largest bank, which will be wound down – will be used for recapitalization, the CBC, Cyprus’s largest creditor, is getting off scot-free.
Nor can it be used to establish a European deposit protection scheme, which is arguably the most urgent requirement, to stem the outflow of
deposits
from southern European banks.
While this is better than zero at a German bank, the difference is too small to make a difference, given the real danger that Greece might have to leave the eurozone, which would render local
deposits
worthless.amp
So interest rates must thus be substantially increased to induce Greek savers to keep their
deposits
and thus stop the hemorrhage from the Greek banking system.
Massive increases in domestic interest rates might still be sufficient to induce savers to keep their
deposits
at home.
If this is not done quickly, deposit flight is likely to escalate, and the government will in the end have to impose a freeze on
deposits
or capital controls.
The nature of the tax needed to pay off public debt might be different if banks held public debt, because in this case the government would have to tax the holders of bank
deposits.
These companies take in 25% of Hong Kong dollar bank
deposits
and 21% of insurance fees, and control the largest shipping business in the territory.
Once euro
deposits
are imprisoned within a national banking system, the currency essentially splits in two: bank euros (BE) and paper, or free, euros (FE).
Here is how the arithmetic works for an investor who rolls over ten-year bonds for the next five years, thus earning 2% more each year than he would by investing in Treasury bills or bank
deposits.
First, the discussion of a levy on bank deposits, and whether small customers should be exempted, put class conflict front and center.
On the international-relations front, after 2010, as
deposits
from Europe left Cypriot banks,
deposits
from Russian businesses and individuals increased – and Russia has many reasons to use money as a way of buying political control.
Its two major banks had attracted huge
deposits
from abroad, largely from Russia, and presumably mostly from individuals who wished to escape scrutiny at home or elsewhere.
The losses that remain after the bad assets have been disposed of will thus have to be borne by the banks’ uninsured creditors, which in this case means those with
deposits
of more than €100,000 ($130,000).
The European Central Bank would never have allowed Cypriot banks to attract huge
deposits
by paying above-market interest rates, and then to put all of their eggs in one basket (Greece).
The EU directive that stipulates the protection of bank
deposits
up to €100,000 does not provide a European guarantee; it only requires member states to create a deposit-insurance system at the national level.
But holding cash can be risky, as Greek savers, worried about the safety of their bank deposits, learned after stuffing it into their mattresses and walls: the number of armed home robberies rose sharply, and some cash was devoured by rodents.
Will it, for example, lead to a re-nationalization of Bolivia’s vast natural gas
deposits?
Banks grew out of a practice by gold smiths and silver smiths, who, for a small price, accepted
deposits
for safekeeping.
Bank runs occur when people, worried that their
deposits
will not be honored, hastily withdraw their money, thereby creating the very bankruptcy that they feared.
The member state would then be legally obliged to make
deposits
into that account to cover the ECB bonds’ coupons and principal.
Indeed, the worsening banking crisis, with
deposits
fleeing from the eurozone periphery, is further strangling Europe’s growth prospects.
Although the government recently attempted to attract capital back to the official banking sector by eliminating the lending rate’s lower bound, more substantial reform is needed – and that will likely have to wait until the interest rate on
deposits
is fully liberalized and the financial sector is open to private banks.
A bank, at bottom, is something that (a) takes deposits, (b) provides loans, (c) pretends to its depositors that their money (its liabilities) are more liquid than its assets, (d) collects net interest as a result, and (e) gets away with it almost all the time.
The
deposits
can be individuals’ paychecks and the loans can be to small businesses.
Or the
deposits
can be consumer paper issued by KKR Atlantic Financing, and the loans can be CDO sub-prime mortgage tranches that KKR Atlantic holds in its portfolio.
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