Could Cyprus Shake Up U.S. Banks, Too?
The following video is from Monday's Investor Beat, in which host Chris Hill and analysts Tim Hanson and Jason Moser dissect the hardest-hitting investing stories of the day.
The island-nation of Cyprus has 1 million residents, a GDP of $22 billion, and a banking system that invested heavily in Greek sovereign debt. Over the weekend, EU leaders came up with a plan to bail out the banks in Cyprus. But the plan included the unprecedented move to force ordinary bank customers to pay for the bailout. What does the plan mean for EU banks? What would the plan mean for other distressed EU countries? Our analysts cover this story, as well as discussing the four biggest movers on the market today, and Jason highlights one stock he's going to be watching very closely this week.
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The article Could Cyprus Shake Up U.S. Banks, Too? originally appeared on Fool.com.Tim Hanson, Chris Hill, and Jason Moser has no position in any stocks mentioned. The Motley Fool recommends Cintas and Rackspace Hosting. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.