Sentence examples for local depositors from inspiring English sources
This will reassure local depositors and thus reduce the need for funding from headquarters.
Some small traditional banks are willing to offer better rates to local depositors than those advertised on the Web.
Fearing similar moves to those in Cyprus, local depositors in countries like Spain and Italy may look to shift their money to banks in stronger European economies.
These sophisticated investors were well aware of the risks they were taking by putting their money in offshore accounts, and Cyprus should not try to protect them at the expense of local depositors.
The governments of those countries had compensated local depositors when Landsbanki foundered, but, in turn, the British and Dutch governments demanded £2.3 billion ($3.7 billion) and €1.3 billion (nearly $1.9 billion), respectively, in repayment from the Icelandic government.
Last year, Fortis acquired the Dutch retail operations of ABN Amro, and the government's action is intended to reassure local depositors nervous about the safety of their accounts amid what is now a global credit crisis.
Local Antiguan depositors at the Stanford Financial Group's subsidiary The Bank of Antigua (BOA) lined up on February 18 to withdraw their funds in what has been characterized as a bank run, following rumors and fears that U.S. authorities would seek to seize all assets related to Stanford and his companies.
They are controlled by representatives of local government and depositors.
If only one foreign bank pulls the rug from under one local subsidiary, leaving depositors stranded, it will cloud perceptions of banks' reliability across the region.
Last year it raised another ¥30 billion, largely from local governments, borrowers and depositors, who have now lost their money.
Among other things, if a country like Greece tried to reintroduce its own currency, there would be a run on local banks as panicked depositors tried to withdraw strong euros before they were converted to weak drachmas.
