Originally Posted by BlackCrayon

I don't consider cyrus a stable country. Without the tax benefits of banking there, they wouldn't have anything. 70 billion dollars in deposits, how much would be there if not for the tax benefits? I can get that some places aren't safe to bank but you think cyprus is? I'm sure cyprus isn't the only 'international' bank (i am still not sure what makes one bank international and another not). i guess the tons of shell companies set up there is just a coincidence all in the name of international banking.