Savings: FSCS calms fears in the UK after Cyprus bailout

FSCS calms fears in the UK after Cyprus bailoutA levy to be forced on savers in Cyprus, as part of the EU bailout of the country, has caused alarm amongst savers throughout Europe. However, in the UK at least, moves have been made to reassure savers that their savings accounts will not be raided in the same way. Savings levy The EU has agreed to a 10 billion Euro bailout of the Cypriot economy, but as part of the measures all bank ...