“…all restrictions on the movement of capital between Member States and between Member States and third countries shall be prohibited.”
JPM: Of 65 banking crises since 1970 identified by the IMF, deposits took losses in 14. 13 were in EM, with DM exception being Iceland.
Seniority ignored as (large) depositors hit but bond holders spared in Cyprus.JPM says deposit hit in 14 out of 65 banking crises since 1970
Despite the early-year rally in equity markets, some hedge funds seem to have had a disappointing start… yet again.
JP Morgan notes that the industry’s benchmark HFRI index was up 2.8% by end-February, well below the 4.6% for MSCI All-Country index.